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
Cheddar stole the show, settling nearly 11% higher to an all-time high average price of $2.96 per lb.
Class III milk closed with a strong session as futures months were up 5 to 27 cents.
With current milk prices where they are and the optimism prevalent in the market, there have been comparisons made to 2014 when we experienced the highest milk prices on record with the All-milk price averaging $23.98.
July and August 2022 led market strength adding 13 cents/cwt each.
Today’s Global Dairy Trade event 302 concluded with the GDT Price Index 4.2% higher.
With milk, beef, and input prices rising, the decision to cull or not becomes cloudy.
Milk rallied Wednesday despite a lackluster CME spot trade.
Comparisons are being made to 2014, but there are many differences that will impact both milk prices and farm profitability.
Cheese finds a bid and butter continued its slide in a mixed day in the dairy trade.
The past few months have shown incredible volatility for both cash and futures. Buyers were intent on making sure they had sufficient supply on hand in the event milk supplies and dairy product supplies would tighten.