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 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.
USDA’s undersecretary for farm production and conservation, farmers can expect to receive the remaining 20% by the end of August.
Friday’s cold storage report gave us a mixed bag of information after a fairly bullish milk production report earlier this week.
The continued strength of milk futures shifted the mindset of traders to bullish as dry product prices provide support to the market.
Drought in the Midwest and crop damage from the remnants of Hurricane Ida had created dampened optimism this summer about the size of this year’s U.S. corn crop.
Crafting effective lactating rations when the “ideal” ingredients are in short supply is challenging, but possible.