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
The Grinch returned to the cheese markets Thursday as Markets closed early for the Christmas Holiday.
Class III milk turned in another interesting trade on Wednesday as futures markets traded as high as the limit of $1.50/cwt before decreasing and settling near 75-80 cents stronger in January and February.
Government intervention creates a level of uncertainty that makes a 2021 milk price forecast nearly impossible.
Historically large butter inventories would be even larger without consumers’ embrace of high-fat dairy products.
Today’s green on the CME started with stimulus talk and was fed by another positive move in the Global Dairy Trade Event.
Futures once again sold off late in the session after showing initial strength. December gained 1 penny to $15.80.
A stronger open across the forward curve was seen early and peaked after the CME spot dairy auction at limit up in Q1 2021.
First half 2021 ended the session with an average north of $17 while second half prices are now pushing $17.40/cwt.
Green lit up the commodity markets on Wednesday.