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
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.
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.