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
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
Class III milk futures soared on the day. June gained 22 cents to $24.79/cwt. July milk launched a 42-cent gain to $24.82/cwt. 2023 milk futures also saw nice increases.
Analysts predict the possibility of $10.00/bu. corn in the coming year is not out of the question.
It is important to know that the success of the entire production will be based on determining a proper date to cut for the highest yield and quality.
May milk moves back over $25, as the rest of the dairy markets took a nap.
Class III Milk saw May gain 51 cents to $24.72, June gained 37 to $24.30 and July gained 39 to $24.12/cwt.