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
Consumers who are battling soaring food prices try to stretch their grocery budgets.
July milk gained 22 cents to $22.65/cwt. August moved 6 cents higher to $23.14/cwt. September milk settled at $23.57/cwt. Class IV milk prices were slightly lower.
Butter softened a half cent to $2.91/lb, barrels lost a half cent to $2.1425/lb, and nonfat dry milk declined a penny to $1.78/lb.
This past March marked the highest ever U.S. monthly average milk price at $25.90 per cwt. But since that time dairy has been on the downswing.
Class III milk was up 3 in June to $24.34, July up 1 to $24.25 and August up 1 to $24.40/cwt. The balance of the year was weaker unchanged to 27 lower.
There is uncertainty surrounding the impact a recession could have on milk prices. Dairy demand may perform better than other areas, but slowing demand might pressure milk prices.
Butter moves into territory we have not seen since September 2015.
Temporary cream shortages and dwindling butter stocks add support to dairy markets.
Spot butter advanced to $2.9350/lb, the highest price since January in the CME spot dairy product auction.
As milk begins to contract, South American dairy processors have had to boost payouts to producers