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 values continued their ascent higher on Thursday following Monday’s announcement of the extension to a fifth round of the food box program.
$1.5 billion is earmarked for another round that will provide nonprofits with food boxes that will contain 5-6 pounds of Cheese, yogurt, butter, cream cheese, or sour cream.
Class III milk futures traded higher only to change directions as we moved through the spot cheese trade.
With milk prices predicted to remain extremely volatile during the first few months of 2021, producers are anxious to know what to expect when the feed bill hits the mailbox.
COVID-19 and government programs have been two main catalysts for volatility in 2020. However, 2021 is expected to have many challenges that may keep volatility high.
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.