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
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.
With June cheese futures nearing $1.92 and spot blocks lagging at $1.78, a price correction is looming as the two markets head for a collision.
A 90-day tariff truce between the U.S. and China sparked a market rally, sending Class III milk futures surging and breathing new life into Class IV ingredients.
Class III milk futures slipped to end the week but still posted solid gains compared to last Friday, despite spot cheese pulling back from midweek highs.
After a strong rally, Class III futures paused as markets hit resistance above $1.90, with traders watching for stronger spot buying to push prices higher.
Class III futures surged over $1.50 in early May as strong export demand and a wide global price gap sparked renewed strength in U.S. dairy markets.