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
Cheese markets rebounded sharply as spot prices finally aligned with last week’s futures rally, while USDA crop reports delivered largely neutral news for grains.
Class III milk futures rebounded sharply Friday, with August contracts jumping $0.63 to $18.33 as bargain buying, Midwest heat and active cheese trade lifted the market.
Heavy spot cheese trading continues as U.S. prices hit global bargain levels, raising questions about how much cheese remains on the market.
Spot cheese prices edged up on strong trading volume as USDA’s neutral Cold Storage report showed seasonal inventory increases but year-over-year declines.
Spot cheese prices slid sharply with blocks closing below $1.60 for the first time since March, dragging July Class III under $17 and creating a strong carry incentive for storage and hedging.
Spot block prices continued to decline, nearing one-year lows and dragging Class III futures with them, while widening global discounts could reopen doors for U.S. export opportunities.
Class III futures ended lower as cheese prices declined, despite a boost from dry whey. May milk production rose 1.6% year-over-year and the U.S. herd reached its largest size since 2021.
Class III milk futures edged higher today amid steady butter trade and seasonal pressures on milk output, while Class IV markets held mostly flat.
Butter saw heavy trading activity with 35 loads moved, but Class III futures continued to slide amid weak cheese prices, as markets await key USDA supply and demand data.
Cheese sellers pressured the market today, driving Class III and cheese futures sharply lower amid weak Global Dairy Trade results and steady supply.