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
Butter prices climbed to $2.51 per lb. on the heaviest trading day since March as markets eye upcoming reports for clues on tight supplies.
Strong global demand, especially for butter, is fueling a post-holiday rally in dairy markets, pushing Class IV milk futures back above $20 and lifting cheese and powder prices across the board.
Dairy markets rallied strongly this week, led by a sharp jump in butter prices and gains in Class III and IV futures, despite declines in global milk powder prices.
Dairy markets diverged ahead of the holiday weekend, with cheese prices falling sharply while butter surged to three-month highs on tighter cream supplies and strong exports.
Class III milk strengthened on rising cheese and whey prices, while April milk production climbed 1.5% year-over-year, led by growth in the Southwest.
Block cheese prices edged higher on active trading, but Class III futures remained under pressure amid broader market softness.
Spot cheese prices fell to start the week, pressuring nearby Class III futures, as mixed signals on supply clouded market direction and traders tested the $1.90-per-pound level.
Class III milk futures faltered mid-session despite stronger spot cheese prices, as heavy selling pressure erased early gains but contracts still closed above last Friday’s levels.
Class III milk futures continued climbing on strong cheese exports and tightening block supplies, with markets bracing for next week’s shift to block-based pricing under the new FMMO formula.
Despite a jump in block prices, a wide gap persists between spot markets and Class III futures, raising questions about how long the premium can hold.