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Daily Commodity Wire
Midday Movers · Mon Nov 2

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

What matters today

  • Corn news: When Will High Corn and Soybean Prices Start Driving Buyers Away? 3 Signs to Watch
  • Beans news: Soybean Market Brief: Sideways Futures, Softer FOBs, Brazil Weather Risk
  • Coming today: USDA Crop Progress, 3:00pm 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 Friday's official closes (Oct 30), 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
4.47¾ /bu  Fri close: ▼ 3½¢ (-0.78%)
Dec Corn · official close Fri Oct 30
In the news today: When Will High Corn and Soybean Prices Start Driving Buyers Away? 3 Signs to Watch.
 
Soybeans
12.22¼ /bu  Fri close: ▲ 2½¢ (+0.20%)
Nov Beans · official close Fri Oct 30
In the news today: Soybean Market Brief: Sideways Futures, Softer FOBs, Brazil Weather Risk.
 
Wheat
6.03½ /bu  Fri close: ▼ ¼¢ (-0.04%)
Dec Wheat · official close Fri Oct 30
 
KC Wheat
6.44¼ /bu  Fri close: ▼ 1¢ (-0.15%)
Dec KC Wheat · official close Fri Oct 30
 
Livestock
Live Cattle
220.95 /cwt  Fri close: ▼ $5.35 (-2.36%)
Dec Cattle · official close Fri Oct 30
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 30): Feb $224.23 (-$9.25 wk), Apr $232.66 (-$8.42 wk), Jun $229.78 (-$7.66 wk), Aug $224.49 (-$7.30 wk).
In the news today: There’s a Trainwreck in Cattle Prices, But Help Could Finally Be on the Way.
 
Feeder Cattle
337.775 /cwt  Fri close: ▼ $8.70 (-2.51%)
Nov Feeders · official close Fri Oct 30
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 30): Jan $331.62 (-$12.41 wk), Mar $327.18 (-$13.38 wk), Apr $325.36 (-$14.13 wk), May $323.22 (-$14.28 wk).
 
Lean Hogs
$64.88 /cwt carcass  Fri cash ▼ $0.45
USDA cash hogs · Oct 30
Futures-based (USDA LRP, Oct 30): Feb $65.07 (-$3.13 wk), Apr $73.04 (-$1.40 wk), May $80.27 (-$0.36 wk).
 
Dairy
Class III Milk
16.70 /cwt  Fri close: ▼ $0.03 (-0.18%)
Jan Class III · official close Fri Oct 30
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
19.67 /cwt  Fri close: ▲ $0.17 (+0.87%)
Jan Class IV · official close Fri Oct 30
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
1.560 /lb  Fri close: ▼ $0.004 (-0.26%)
Jan Cheese · official close Fri Oct 30
Cash: Cheese, 40-lb blocks (CME spot): $1.5975/lb (Oct 30), down 13.75¢ from Thursday.
 
Butter
144.00¢ /lb  Fri close: ▲ 1.12¢ (+0.79%)
Jan Butter · official close Fri Oct 30
Cash: Butter, Grade AA (CME spot): $1.3575/lb (Oct 30), up 3.75¢ from Thursday.
 
Energy
Crude Oil
$103.37 /bbl  Tue spot ▼ $1.88
EIA spot · Oct 27
In the news today: Stock Market Today: Overseas Stocks Mixed, Oil Falls.
 
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
 
Silver
$64.60 /troy oz  vs month before ▼ $0.80
World Bank monthly avg · September 2026
 
Copper
$14,474 /metric ton  vs month before ▲ $148
World Bank monthly avg · September 2026
 

USDA cash cattle and hog prices

  • Choice boxed beef cutout: $364.66/cwt (Oct 30), down $2.62 from the last report, $13.47 below a year ago, $54.64 above the 5-year average.
  • Select boxed beef cutout: $351.98/cwt (Oct 30), up $0.35 from the last report, $6.67 below a year ago, $68.96 above the 5-year average.
  • Cash hogs (negotiated, carcass): $64.88/cwt (Oct 30), down $0.45 from the last report, $24.28 below a year ago, $15.45 below the 5-year average.
  • Pork cutout: $70.10/cwt (Oct 30), down $0.59 from the last report, $31.85 below a year ago, $27.15 below the 5-year average.
  • Choice-Select spread: $12.68.

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

Livestock price insurance (USDA LRP, prices for Oct 30)

  • Feeder steers 600-1,000 lb, ending Jan 29: 95% coverage at $315.04/cwt costs you about $4.86/cwt after the USDA subsidy (up $1.04 from last week; coverage price down $0.11 from a year ago).
  • Fed cattle, ending Jan 29: 95% coverage at $213.05/cwt costs you about $2.92/cwt after the USDA subsidy (up $0.51 from last week; coverage price down $4.77 from a year ago).
  • Hogs, ending Jan 29: 95% coverage at $59.48/cwt costs you about $1.53/cwt after the USDA subsidy (up $0.14 from last week; coverage price down $18.65 from a year ago).

LRP calculator and screwworm border status

On deck

  • Today: USDA export inspections, 10:00am CT
  • Today: USDA 5-area weekly fed cattle prices, 1:00pm CT
  • Today: USDA Crop Progress, 3:00pm CT
  • Today: Oklahoma City feeder cattle auction (USDA), 4:00pm CT

Informational only — not investment, trading or financial advice.

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