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 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.
If the rising cost of feed offsets historically high milk prices, the signal to produce more milk could go unheeded.
Dairy markets have seen their share of substantial price swings, but more so since the beginning of the year as milk futures moved to record highs. The recent weakness of dry whey may be cause for concern.
We are 26% below a year ago’s level of butter in storage.
Feed shortages throughout southern Europe could spark intense livestock culling.
The increase of corn prices since last Fall have had a profound impact on milk production and prices.