Midday Movers, Oct 30, 2026 — Daily Commodity Wire

Daily Commodity Wire

Midday Movers · Fri Oct 30

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

What matters today

Crude news: Oil futures: Crude higher as diplomacy stalls, tanker attacks continue
Gold news: Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes
Coming today: USDA Iowa input costs (fertilizer, fuel), 12:00pm CT

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

These are Thursday's official closes (Oct 29), the latest USDA has printed. USDA prints today's closes about 5 PM CT, and we'll send them to you this evening. Energy, metals and cash prices show their own dates.

Grains

Corn

4.51¼ /bu Thu close: ▼ ½¢ (-0.11%)
Dec Corn · official close Thu Oct 29

Soybeans

12.19¾ /bu Thu close: ▼ 4¾¢ (-0.39%)
Nov Beans · official close Thu Oct 29

Wheat

6.03¾ /bu Thu close: ▲ 4¾¢ (+0.79%)
Dec Wheat · official close Thu Oct 29

KC Wheat

6.45¼ /bu Thu close: ▲ 2¼¢ (+0.35%)
Dec KC Wheat · official close Thu Oct 29

Livestock

Live Cattle

226.30 /cwt Thu close: ▼ $1.025 (-0.45%)
Dec Cattle · official close Thu Oct 29

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.

Futures-based (USDA LRP, Oct 29): Feb $229.50 (-$3.98 wk), Apr $238.22 (-$2.86 wk), Jun $235.04 (-$2.40 wk), Aug $229.65 (-$2.14 wk).

Feeder Cattle

346.475 /cwt Thu close: ▼ $0.275 (-0.08%)
Nov Feeders · official close Thu Oct 29

Cash: Feeder steers, 700-800 lb (Oklahoma City): $362.64/cwt (Oct 26), up $9.33 from last week, $36.07 above a year ago.

Futures-based (USDA LRP, Oct 29): Jan $341.95 (-$2.08 wk), Mar $337.77 (-$2.78 wk), Apr $336.10 (-$3.39 wk), May $333.55 (-$3.96 wk).

Lean Hogs

$65.33 /cwt carcass Thu cash ▲ $0.18
USDA cash hogs · Oct 29

Futures-based (USDA LRP, Oct 29): Feb $65.98 (-$1.94 wk), Apr $73.79 (-$0.24 wk), May $80.76 (+$0.69 wk).

Dairy

Class III Milk

16.73 /cwt Thu close: ▲ $0.14 (+0.84%)
Jan Class III · official close Thu Oct 29

USDA: 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.

Class IV Milk

19.50 /cwt Thu close: ▲ $0.45 (+2.36%)
Jan Class IV · official close Thu Oct 29

USDA: 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.

Cheese

1.564 /lb Thu close: ▲ $0.017 (+1.10%)
Jan Cheese · official close Thu Oct 29

Cash: Cheese, 40-lb blocks (CME spot): $1.7350/lb (Oct 29), down 1¢ from Wednesday.

Butter

142.875¢ /lb Thu close: ▲ 0.95¢ (+0.67%)
Jan Butter · official close Thu Oct 29

Cash: Butter, Grade AA (CME spot): $1.3200/lb (Oct 29), up 3.5¢ from Wednesday.

Energy

Crude Oil

$103.37 /bbl Tue spot ▼ $1.88
EIA spot · Oct 27

In the news today: Oil futures: Crude higher as diplomacy stalls, tanker attacks continue.

Heating Oil

$4.687 /gal Tue spot ▼ $0.146
EIA spot · Oct 27

Natural Gas

$2.76 /MMBtu Tue spot ▲ $0.24
EIA spot · Oct 27

Metals

Gold

$4,319.00 /troy oz vs month before ▼ $92.00
World Bank monthly avg · September 2026

In the news today: Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes.

Silver

$64.60 /troy oz vs month before ▼ $0.80
World Bank monthly avg · September 2026

In the news today: Gold, silver extend losses as US inflation concerns weigh on rate-cut hopes.

Copper

$14,474 /metric ton vs month before ▲ $148
World Bank monthly avg · September 2026

Input costs (USDA Iowa, week ending Oct 30)

Anhydrous ammonia: $902/ton, down $3 from the last report, 16% above a year ago.
32% liquid nitrogen (UAN): $510/ton, up $22 from the last report, 8% above a year ago.
MAP (11-52-0): $976/ton, up $4 from the last report, 8% above a year ago.
Potash (0-0-60): $500/ton, up $6 from the last report, 2% above a year ago.
Farm diesel: $5.65/gal, up 16¢ from the last report, 99% above a year ago.
A ton of anhydrous costs 200 bushels of corn at today's price.

Fertilizer and fuel vs last year and the 5-year average

USDA cash cattle and hog prices

Choice boxed beef cutout: $367.28/cwt (Oct 29), down $1.72 from the last report, $10.99 below a year ago, $56.12 above the 5-year average.
Select boxed beef cutout: $351.63/cwt (Oct 29), down $3.62 from the last report, $7.89 below a year ago, $67.53 above the 5-year average.
Cash hogs (negotiated, carcass): $65.33/cwt (Oct 29), up $0.18 from the last report, $23.76 below a year ago, $15.11 below the 5-year average.
Pork cutout: $70.69/cwt (Oct 29), down $1.76 from the last report, $29.59 below a year ago, $26.29 below the 5-year average.
Choice-Select spread: $15.65.

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

Livestock price insurance (USDA LRP, prices for Oct 29)

Feeder steers 600-1,000 lb, ending Jan 28: 95% coverage at $324.85/cwt costs you about $4.13/cwt after the USDA subsidy (up $0.31 from last week; coverage price up $7.34 from a year ago).
Fed cattle, ending Jan 28: 95% coverage at $218.06/cwt costs you about $2.74/cwt after the USDA subsidy (up $0.33 from last week; coverage price down $1.37 from a year ago).
Hogs, ending Jan 28: 95% coverage at $60.33/cwt costs you about $1.49/cwt after the USDA subsidy (up $0.01 from last week; coverage price down $17.38 from a year ago).
USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 43 animal cases confirmed since July 2026, 22 of them confirmed in October; 21 active now.

LRP calculator and screwworm border status

On deck

Today: USDA Iowa input costs (fertilizer, fuel), 12:00pm CT
Today: Weekly recap email (Week in Review), 3:00pm CT

Informational only — not investment, trading or financial advice.

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