Commodity Markets, Prices & Futures
Use the chart below to check futures prices for commodities. Click the links for pricing on grains, livestock, milk prices, and more and stay on top of what’s going on in the markets. Cash price reflects the USDA Chicago terminal.
Latest News from Markets
Milk powder imports hit particularly hard in part due to large current stockpiles
Class III milk futures were mixed on the day. October milk gained 9 cents to $21.94/cwt. November milk eased 20 cents to $20.72/cwt.
Class III milk futures hold steady in September, but October and November prices fall flat.
President Trump has added $1 billion to the U.S. Department of Agriculture’s Farmers to Families Food Box Program and extended it beyond the end of October.
Global Dairy Trade event #316 took place Tuesday. The index settled 2% higher for the second auction in a row.
According to the latest All-Milk price forecast, economists expect the dairy market to strengthen in the coming year.
Food prices have risen substantially causing consumers to look for ways to stretch their dollar. Dairy products will remain an integral part of the diet, but the volume of purchases might be reduced.
The USDA released its August Milk Production report on Monday. As expected, milk production grew, but at levels that exceeded expectations.
Guar is not a common crop grown in the U.S., nor is it widely used here as a livestock feedstuff. But that picture may be changing as alternative crops producers search for more affordable feed ingredients.
Most dairy products climbed higher Tuesday in the CME spot dairy product auction.