Midday Movers

Here's what's moving the markets so far today.

Futures prices are off while we set up a licensed price feed. CME Group shows free delayed quotes on its own site. CME Group quotes. Grain settlements below are the official closing prices printed in USDA Market News grain reports.

• Corn: lower today
  • Last official settle (Mon Oct 26): Dec Corn $4.55/bu, down 1¢. Source: USDA Market News.
  • In the news: Corn market under pressure from US harvest and weaker Black Sea basis.
  • Delayed quotes at CME Group
• Soybeans: steady today
  • Last official settle (Mon Oct 26): Nov Beans $12.41¼/bu, down 15¼¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• Wheat: steady today
  • Last official settle (Mon Oct 26): Dec Wheat $6.16/bu, down 9¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• KC Wheat: lower today
  • Last official settle (Mon Oct 26): Dec KC Wheat $6.59/bu, down 5½¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• Live Cattle: lower today
  • USDA cash market: Cash fed steers (live): $227.06/cwt (Oct 26), up $2.87 from last week, $10.83 below a year ago, $49.02 above the 5-year average.
  • Delayed quotes at CME Group
• Feeder Cattle: higher today
  • USDA cash market: Feeder steers, 700-800 lb (Oklahoma City): $362.64/cwt (Oct 26), up $9.33 from last week, $36.07 above a year ago.
  • In the news: U.S.-Mexico Cattle Trade and Beef Markets.
  • Delayed quotes at CME Group
• Lean Hogs: lower today
  • USDA cash market: Cash hogs (negotiated, carcass): $68.13/cwt (Oct 26), up $0.23 from the last report, $26.64 below a year ago, $13.91 below the 5-year average.
  • Delayed quotes at CME Group
• Class III Milk: higher today
  • USDA dairy price: Class III milk price (announced): $16.04/cwt (September 2026), down $0.60 from the month before, $1.55 below a year ago, $3.09 below the 5-year average.
  • In the news: Milk futures take a $3 bounce, but surplus supply looms.
  • Delayed quotes at CME Group
• Class IV Milk: higher today
  • USDA dairy price: Class IV milk price (announced): $18.94/cwt (September 2026), up $1.58 from the month before, $2.77 above a year ago, $0.77 below the 5-year average.
  • In the news: Milk futures take a $3 bounce, but surplus supply looms.
  • Delayed quotes at CME Group
• Cheese: higher today
  • USDA dairy price: Cheddar cheese, 40-lb blocks (USDA survey): $1.3856/lb (week ending Oct 17), down $0.0453 from the week before, $0.3452 below a year ago, $0.5074 below the 5-year average.
  • Delayed quotes at CME Group
• Butter: higher today
  • USDA dairy price: Butter (USDA survey): $1.3547/lb (week ending Oct 17), down $0.0112 from the week before, $0.3405 below a year ago, $1.1687 below the 5-year average.
  • Delayed quotes at CME Group
• Crude Oil: lower today
  • Public benchmark (EIA): WTI crude oil, Cushing spot: $107.89/bbl (Oct 20), down $2.12 from the last reading, $49.55 above a year ago, $30.54 above the 5-year average.
  • In the news: Crude Oil Futures Fall on Weak Global Cues & Profit Taking.
  • Delayed quotes at CME Group
• Heating Oil: lower today
  • Public benchmark (EIA): Diesel (ULSD), New York Harbor spot: $5.265/gal (Oct 20), up $0.092 from the last reading, $3.027 above a year ago, $2.373 above the 5-year average.
  • Delayed quotes at CME Group
• Natural Gas: lower today
  • Public benchmark (EIA): Natural gas, Henry Hub spot: $3.10/MMBtu (Oct 20), down $0.18 from the last reading, $0.11 above a year ago, $0.25 below the 5-year average.
  • In the news: Warm Weather and Storage Keep Futures Under Pressure.
  • Delayed quotes at CME Group
• Gold: higher today
  • Public benchmark (World Bank): Gold, monthly average: $4,319.00/troy oz (September 2026), down $92.00 from the month before, $651.00 above a year ago, $1,996.80 above the 5-year average.
  • Delayed quotes at CME Group
• Silver: steady today
  • Public benchmark (World Bank): Silver, monthly average: $64.60/troy oz (September 2026), down $0.80 from the month before, $21.80 above a year ago, $36.98 above the 5-year average.
  • Delayed quotes at CME Group
• Copper: higher today
  • Public benchmark (World Bank): Copper, monthly average: $14,474/metric ton (September 2026), up $148 from the month before, $4,490 above a year ago, $5,560 above the 5-year average.
  • In the news: Copper Futures Rebound as AI Optimism Returns.
  • Delayed quotes at CME Group

USDA crop progress (out yesterday afternoon)

• Corn: 60% harvested (+16 pts in a week, 6 pts behind the 5-year average (66%)). 56% rated good to excellent, unchanged from last week.
• Winter wheat: 53% emerged (+14 pts in a week, 1 pts behind the 5-year average (54%)).
• Soybeans: 79% harvested (+15 pts in a week, 2 pts ahead of the 5-year average (77%)).
• Pasture & range: 23% rated good to excellent, unchanged from last week.

State-by-state progress and condition

USDA cash cattle and hog prices

• Choice boxed beef cutout: $369.44/cwt (Oct 26), up $3.65 from the last report, $8.44 below a year ago, $57.06 above the 5-year average.
• Select boxed beef cutout: $357.56/cwt (Oct 26), up $4.87 from the last report, $4.10 below a year ago, $70.84 above the 5-year average.
• Cash hogs (negotiated, carcass): $68.13/cwt (Oct 26), up $0.23 from the last report, $26.64 below a year ago, $13.91 below the 5-year average.
• Pork cutout: $73.80/cwt (Oct 26), down $0.29 from the last report, $27.28 below a year ago, $22.85 below the 5-year average.
• Choice-Select spread: $11.88.

Cash prices vs a year ago and the 5-year average

Livestock price insurance (USDA LRP, prices for Oct 26)

• Feeder steers 600-1,000 lb, ending Jan 25: 95% coverage at $328.70/cwt costs you about $3.67/cwt after the USDA subsidy (up $0.13 from last week; coverage price down $10.89 from a year ago).
• Fed cattle, ending Jan 25: 95% coverage at $222.69/cwt costs you about $2.25/cwt after the USDA subsidy (up $0.03 from last week; coverage price up $7.66 from a year ago).
• Hogs, ending Jan 25: 95% coverage at $63.00/cwt costs you about $1.41/cwt after the USDA subsidy (down $0.02 from last week; coverage price down $15.71 from a year ago).
• USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 35 animal cases confirmed since July 2026, 14 of them confirmed in October; 13 active now.

LRP calculator and screwworm border status

Informational only — not investment, trading or financial advice. Prices may be delayed.