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. Futures settlements below are the official closing prices as printed by USDA (Market News reports for grains and cattle; the Risk Management Agency for dairy).

• Corn
  • Last official settle (Tue Oct 27): Dec Corn $4.48¾/bu, down 6¼¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• Soybeans
  • Last official settle (Tue Oct 27): Nov Beans $12.29¼/bu, down 12¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• Wheat
  • Last official settle (Tue Oct 27): Dec Wheat $6.10¼/bu, down 5¾¢. Source: USDA Market News.
  • In the news: Wheat Market Softens as Black Sea Risk Premium Deflates on Security Talks.
  • Delayed quotes at CME Group
• KC Wheat
  • Last official settle (Tue Oct 27): Dec KC Wheat $6.50½/bu, down 8½¢. Source: USDA Market News.
  • Delayed quotes at CME Group
• Live Cattle
  • Last official settle (Tue Oct 27): Dec Cattle $230.85/cwt, down $0.35. Source: USDA Market News.
  • USDA cash market: Cash fed steers (live): $227.08/cwt (Oct 26), up $2.89 from last week, $10.81 below a year ago, $49.04 above the 5-year average.
  • USDA futures-based prices (LRP expected values, Oct 27): Feb $233.60 (+$0.47 wk), Apr $241.95 (+$1.35 wk), Jun $238.38 (+$1.41 wk), Aug $232.91 (+$1.63 wk).
  • Delayed quotes at CME Group
• Feeder Cattle
  • Last official settle (Tue Oct 27): Nov Feeders $350.025/cwt, up $1.475. Source: USDA Market News.
  • 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.
  • USDA futures-based prices (LRP expected values, Oct 27): Jan $347.10 (+$4.42 wk), Mar $343.33 (+$4.48 wk), Apr $342.10 (+$4.36 wk), May $339.86 (+$3.96 wk).
  • Delayed quotes at CME Group
• Lean Hogs
  • USDA cash market: Cash hogs (negotiated, carcass): $66.27/cwt (Oct 27), down $1.86 from the last report, $25.05 below a year ago, $14.23 below the 5-year average.
  • USDA futures-based prices (LRP expected values, Oct 27): Feb $65.90 (-$3.59 wk), Apr $72.83 (-$2.19 wk), May $79.26 (-$1.59 wk).
  • Delayed quotes at CME Group
• Class III Milk
  • Last official settle (Tue Oct 27): Jan Class III $16.65/cwt, up $0.15. Source: USDA Risk Management Agency (CME settlement).
  • 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.
  • Delayed quotes at CME Group
• Class IV Milk
  • Last official settle (Tue Oct 27): Jan Class IV $19.07/cwt, up $0.05. Source: USDA Risk Management Agency (CME settlement).
  • 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.
  • Delayed quotes at CME Group
• Cheese
  • Last official settle (Tue Oct 27): Jan Cheese $1.550/lb, up $0.006. Source: USDA Risk Management Agency (CME settlement).
  • Cash market (via USDA): Cheese, 40-lb blocks (CME spot): $1.7400/lb (Oct 27), up 1¢ from Monday.
  • In the news: Expanding dairy herd drives stronger US milk output as markets diverge.
  • Delayed quotes at CME Group
• Butter
  • Last official settle (Tue Oct 27): Jan Butter 142.80¢/lb, up 0.8¢. Source: USDA Risk Management Agency (CME settlement).
  • Cash market (via USDA): Butter, Grade AA (CME spot): $1.3100/lb (Oct 27), up 1¢ from Monday.
  • Delayed quotes at CME Group
• Crude Oil
  • 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: Brent Crude Oil Price Jumps After Attack on Iran’s South Pars Field.
  • Delayed quotes at CME Group
• Heating Oil
  • 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
  • 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: U.S. Natural Gas Futures Rise in Early Trading.
  • Delayed quotes at CME Group
• Gold
  • 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.
  • In the news: Gold, silver prices slip ahead of US Fed decision, Israel election results.
  • Delayed quotes at CME Group
• Silver
  • 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.
  • In the news: Gold, silver prices slip ahead of US Fed decision, Israel election results.
  • Delayed quotes at CME Group
• Copper
  • 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.
  • Delayed quotes at CME Group

USDA cash cattle and hog prices

• Choice boxed beef cutout: $372.22/cwt (Oct 27), up $2.78 from the last report, $7.43 below a year ago, $61.13 above the 5-year average.
• Select boxed beef cutout: $358.85/cwt (Oct 27), up $1.29 from the last report, $1.15 below a year ago, $73.19 above the 5-year average.
• Cash hogs (negotiated, carcass): $66.27/cwt (Oct 27), down $1.86 from the last report, $25.05 below a year ago, $14.23 below the 5-year average.
• Pork cutout: $73.09/cwt (Oct 27), down $0.71 from the last report, $26.93 below a year ago, $22.71 below the 5-year average.
• Choice-Select spread: $13.37.

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

Livestock price insurance (USDA LRP, prices for Oct 27)

• Feeder steers 600-1,000 lb, ending Jan 26: 95% coverage at $329.75/cwt costs you about $3.58/cwt after the USDA subsidy (down $0.03 from last week; coverage price up $21.11 from a year ago).
• Fed cattle, ending Jan 26: 95% coverage at $221.95/cwt costs you about $2.25/cwt after the USDA subsidy (down $0.03 from last week; coverage price up $7.20 from a year ago).
• Hogs, ending Jan 26: 95% coverage at $60.90/cwt costs you about $1.47/cwt after the USDA subsidy (up $0.06 from last week; coverage price down $17.01 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

2-minute lesson: Basis: the local part of your price

Cash price = futures + basis. Basis is your local market's adjustment for freight, demand and storage, and it moves separately from futures.

Read the lesson · All lessons

On deck

• Today: USDA dairy product prices (NDPSR), 11:00am CT
• Today: Fed rate decision, 1:00pm CT
• Today: EIA spot prices update (crude, diesel, natural gas), 4:00pm CT

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