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
Global Dairy Trade event #298 took place Tuesday morning and the price index closed 1.5% lower.
New trade agreements and strong demand north of the border created a strong pull on U.S. dairy
Class III milk futures were mixed. January milk declined 21 cents to $19.59/cwt. February added 1 penny to $19.95/cwt.
2022 Class IV milk has a $20.43 average, pulling ahead of Class III.
Class III and IV markets finished the week off with a bang.
Ten for ten, USDA’s ag Prices report announced yesterday afternoon that the October 2021 Dairy Margin Coverage income over feed costs resulted in $8.77/cwt.
December class III milk advanced 58 cents to $17.73/cwt. January milk tacked on 55 cents to $18.30/cwt. February shot up 35 cents to $18.75/cwt. Class IV milk futures jumped 15-34 cents in the first half of 2022.
Some the historical cycles and seasonal price movements are not being followed as they have in the past. The bottom line is supply and demand.
In the long run, what opportunities could farmers harvest? Consider these emerging trends.