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
Class III milk futures ended the trading day mixed. October milk added 3 cents to $19.97/cwt. November milk fell 9 cents to $20.60/cwt.
Futures markets added 16 to 45 cents in the 2022 months while 2023 saw Q1 gain 23-30 cents.
A ho-hum spot trade continue to cause milk prices to erode lower.
Class III markets declined 32-45 cents/cwt September through December 2022.
Factors influencing the markets have changed over the years which has had an impact on market seasonality.
Corn and soybean values have tempered slightly since the near-historic highs of May and June this year, but dairy feed bills still will be hefty heading into fall.
Class III milk futures climbed higher on the day. August milk gained 14 cents to $20.09/cwt. September milk surged 54 cents to $19.94/cwt.
Class IV lost significantly more value on Monday as September was off 77 cents, October lost 57, November declined 79 cents, and December lost 40.
It was a mixed bag in the CME dairy product trade. Block cheese and barrel cheese fell, while butter gained. Class III milk futures tumbled lower on the day.
Tuesday’s spot dairy product session was higher and Class III milk futures surge forward.