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Closing Report · Tue Nov 3

Here's what pushed the markets today.

What matters today

  • USDA crop progress, week ending Nov 1: Corn 74% harvested (avg 77%); Soybeans 88% harvested (avg 84%); Winter wheat 65% emerged (avg 65%), 44%...
  • USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 45 animal cases confirmed since August 2026, 3 of them confirmed in...
  • Corn news: Corn futures hit four-month low on big US crop, export worries

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 Monday's official closes (Nov 2), 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
4.48¼ /bu  Mon close: ▲ ½¢ (+0.11%)
Dec Corn · official close Mon Nov 2
In the news today: Corn futures hit four-month low on big US crop, export worries.
 
Soybeans
12.16¾ /bu  Mon close: ▼ 17½¢ (-1.42%)
Jan Beans · official close Mon Nov 2
 
Wheat
6.06½ /bu  Mon close: ▲ 3¢ (+0.50%)
Dec Wheat · official close Mon Nov 2
 
KC Wheat
6.46 /bu  Mon close: ▲ 1¾¢ (+0.27%)
Dec KC Wheat · official close Mon Nov 2
 
Livestock
Live Cattle
219.70 /cwt  Mon close: ▼ $1.25 (-0.57%)
Dec Cattle · official close Mon Nov 2
Cash: fed steers (live): $223.73/cwt (Nov 2), down $3.35 from last week, $7.13 below a year ago, $46.37 above the 5-year average.
Futures-based (USDA LRP, Nov 2): Feb $223.58 (-$10.83 wk), Jun $229.43 (-$9.37 wk), Aug $224.44 (-$8.81 wk).
 
Feeder Cattle
332.675 /cwt  Mon close: ▲ $0.90 (+0.27%)
Jan Feeders · official close Mon Nov 2
Cash: Feeder steers, 700-800 lb (Oklahoma City): $351.90/cwt (Nov 2), down $10.74 from last week, $2.71 above a year ago.
Futures-based (USDA LRP, Nov 2): Mar $327.92 (-$14.99 wk), May $324.12 (-$15.68 wk), Aug $323.75 (-$16.23 wk), Sep $321.84 (-$15.81 wk).
 
Lean Hogs
$62.37 /cwt carcass  Tue cash ▼ $1.46
USDA cash hogs · Nov 3
Futures-based (USDA LRP, Nov 2): Feb $62.83 (-$3.49 wk), May $81.72 (+$0.66 wk).
 
Dairy
Class III Milk
16.97 /cwt  Mon close: ▲ $0.27 (+1.62%)
Jan Class III · official close Mon Nov 2
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
20.00 /cwt  Mon close: ▲ $0.33 (+1.68%)
Jan Class IV · official close Mon Nov 2
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
1.582 /lb  Mon close: ▲ $0.022 (+1.41%)
Jan Cheese · official close Mon Nov 2
Cash: Cheese, 40-lb blocks (CME spot): $1.5775/lb (Nov 3), down 2.25¢ from Monday.
In the news today: CME dairy prices mixed as cheese blocks, butter fall.
 
Butter
141.30¢ /lb  Mon close: ▼ 2.7¢ (-1.87%)
Jan Butter · official close Mon Nov 2
Cash: Butter, Grade AA (CME spot): $1.2975/lb (Nov 3), down 3.5¢ from Monday.
In the news today: CME dairy prices mixed as cheese blocks, butter fall.
 
Energy
Crude Oil
$103.37 /bbl  Tue spot ▼ $1.88
EIA spot · Oct 27
In the news today: Oil Futures Turn Lower as Market Holds Out Hope for Middle East Diplomacy.
 
Heating Oil
$4.687 /gal  Tue spot ▼ $0.146
EIA spot · Oct 27
In the news today: US traders struggle to cash in on open transatlantic diesel arbs.
 
Natural Gas
$2.76 /MMBtu  Tue spot ▲ $0.24
EIA spot · Oct 27
In the news today: Natural Gas Futures Claw Higher, but Winter Remains on the Sidelines.
 
Metals
Gold
$4,319.00 /troy oz  vs month before ▼ $92.00
World Bank monthly avg · September 2026
In the news today: Gold, silver prices fall on expectations of tighter monetary policy.
 
Silver
$64.60 /troy oz  vs month before ▼ $0.80
World Bank monthly avg · September 2026
In the news today: Silver Futures Tumble Over 3% Amid US Election & Rate Fears.
 
Copper
$14,474 /metric ton  vs month before ▲ $148
World Bank monthly avg · September 2026
In the news today: Copper Prices Hit 11-Week Low Amid Tech Selloff, Impacting Freep.
 

CME spot dairy today

  • Cheese, 40-lb blocks (CME spot): $1.5775/lb (Nov 3), down 2.25¢ from Monday.
  • Cheese, 500-lb barrels (CME spot): $1.7250/lb (Nov 3), unchanged from Monday.
  • Butter, Grade AA (CME spot): $1.2975/lb (Nov 3), down 3.5¢ from Monday.
  • Nonfat dry milk, Grade A (CME spot): $2.1600/lb (Nov 3), up 3.5¢ from Monday.
  • Dry whey, extra grade (CME spot): $0.8400/lb (Nov 3), unchanged from Monday.

CME Group spot trading, as published by USDA Dairy Market News. Dairy futures by month and cash prices

USDA: prices farmers received, September 2026

  • Corn: U.S. average 4.81/bu, +0.36 from the month before, +0.81 from a year ago (4.00)
  • Soybeans: U.S. average 12.20/bu, +0.10 from the month before, +2.27 from a year ago (9.93)
  • All wheat: U.S. average 6.30/bu, +0.07 from the month before, +1.54 from a year ago (4.76)

Every state · Source: USDA NASS Agricultural Prices

On deck

  • Wed: EIA crude oil inventories, 9:30am CT
  • Wed: USDA announced Class III and IV milk prices, 11:00am CT
  • Wed: USDA dairy product prices (NDPSR), 11:00am CT
  • Wed: EIA spot prices update (crude, diesel, natural gas), 4:00pm CT

Informational only — not investment, trading or financial advice.

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