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
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.
Spot butter climbed to $2.9350, the highest price since September 2015 with an impressive volume of 18 trades taking place in the CME Spot Dairy Auction.
The market is trying to find the balance between perception and reality. Exports have been exceptional, and the potential is for increased exports to Canada due to the USMCA panel determination. Prices will be volatile.
Butter continued to rocket higher, gaining 3 ¾ cent to $2.78/lb.
There are similarities between markets today and those we experienced in 2014, but important differences could mean sustained higher price levels this time around.
Heavy demand, falling milk production, and a shortage of labor combine to send butter prices to four-year-highs.