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
Butter prices at the latest Global Dairy Trade event plunged 12.5% to $5,807 per metric ton, or $2.63 per pound on an 80% butterfat equivalent.
Milk futures have been impacted significantly by dry whey and nonfat dry milk, making rebounds to previous highs more difficult to achieve.
Class III milk markets settled 40-50 cents lower although certain months were trading down near a limit of 75 cents near the close.
Dairy Markets make a nice rebound Thursday as the CME spot trade finds support.
Class III milk prices closed double digits lower in all months between May 2022 and September 2023.
Lower hay supplies and to potential for lower acres and lower production this year could increase hay prices significantly.
In the Class III complex, May milk’s settlement price closed into new contract highs at $25.55/cwt.
USDA is increasing its milk production forecast to be higher due to growth in the number of dairy cows.
Friday continued a slow gain in the milk markets for the week.