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 futures exploded higher for the first time in a while.
Producers in many federal orders are continuing to open milk checks to find Producer Price Differentials (PPDs) of negative $1 to $2, where they would have typically expected positive values.
Risk management should not be viewed as a way to make money, but rather a way to protect income.
Despite a stronger cheese session to kick off the week on Monday, Class III milk prices fell.
Butter stocks totaled 414 million lb. in June, just 2.6 million more than the month prior.
Cheddar was the sole product settling in the green today, up 1.3% for Global Dairy Trade 288.
The CME spot trade saw blocks jump 8 ¾ cents higher on 2 trades to $1.71/lb and Barrels jumping 4 cents higher to $1.55/lb.
Overall demand for U.S. dairy appears headed back to pre-pandemic levels.
What can we expected for milk production and milk prices if the drought continues and corn prices move above and/or stay above $7.00 or maybe even $8.00?