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Closing Report · Wed Nov 4

Here's what pushed the markets today.

What matters today

  • USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 54 animal cases confirmed since August 2026, 11 of them confirmed in...
  • KC wheat news: Prairie wheat weekly: Cash prices mostly lower with U.S. wheat, harvest
  • Coming today: EIA spot prices update (crude, diesel, natural gas), 4:00pm 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 Tuesday's official closes (Nov 3), 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
4.42½ /bu  Tue close: ▼ 5¾¢ (-1.28%)
Dec Corn · official close Tue Nov 3
 
Soybeans
12.14 /bu  Tue close: ▼ 2¾¢ (-0.23%)
Jan Beans · official close Tue Nov 3
 
Wheat
5.99¾ /bu  Tue close: ▼ 6¾¢ (-1.11%)
Dec Wheat · official close Tue Nov 3
 
KC Wheat
6.36¼ /bu  Tue close: ▼ 9¾¢ (-1.51%)
Dec KC Wheat · official close Tue Nov 3
In the news today: Prairie wheat weekly: Cash prices mostly lower with U.S. wheat, harvest.
 
Livestock
Live Cattle
218.15 /cwt  Tue close: ▼ $1.55 (-0.71%)
Dec Cattle · official close Tue Nov 3
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 3): Feb $221.48 (-$12.16 wk), Jun $226.87 (-$11.51 wk), Aug $221.71 (-$11.20 wk).
 
Feeder Cattle
328.375 /cwt  Tue close: ▼ $4.30 (-1.29%)
Jan Feeders · official close Tue Nov 3
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 3): Mar $323.59 (-$19.74 wk), May $321.83 (-$20.27 wk), Aug $320.61 (-$19.44 wk), Sep $319.03 (-$18.45 wk).
In the news today: Live Cattle futures slide as Lean Hogs test $60 resistance.
 
Lean Hogs
$57.60 /cwt carcass  Wed cash ▼ $4.77
USDA cash hogs · Nov 4
Futures-based (USDA LRP, Nov 3): Feb $62.70 (-$1.40 wk), May $73.93 (+$1.10 wk), Jun $81.47 (+$2.21 wk).
In the news today: Live Cattle futures slide as Lean Hogs test $60 resistance.
 
Dairy
Class III Milk
16.92 /cwt  Tue close: ▼ $0.05 (-0.29%)
Jan Class III · official close Tue Nov 3
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
20.27 /cwt  Tue close: ▲ $0.27 (+1.35%)
Jan Class IV · official close Tue Nov 3
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
1.574 /lb  Tue close: ▼ $0.008 (-0.51%)
Jan Cheese · official close Tue Nov 3
Cash: Cheese, 40-lb blocks (CME spot): $1.5875/lb (Nov 4), up 1¢ from Tuesday.
In the news today: CME Cheese Prices Mixed: Barrels Flat, Blocks Up $0.01 on November 4, 2026.
 
Butter
137.50¢ /lb  Tue close: ▼ 3.8¢ (-2.69%)
Jan Butter · official close Tue Nov 3
Cash: Butter, Grade AA (CME spot): $1.2800/lb (Nov 4), down 1.75¢ from Tuesday.
 
Energy
Crude Oil
$103.37 /bbl  Tue spot ▼ $1.88
EIA spot · Oct 27
In the news today: Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war.
 
Heating Oil
$4.687 /gal  Tue spot ▼ $0.146
EIA spot · Oct 27
In the news today: Northwest European diesel margins fall over 4% on oil price drop.
 
Natural Gas
$2.76 /MMBtu  Tue spot ▲ $0.24
EIA spot · Oct 27
In the news today: Supportive Fundamental Trends Boost Natural Gas Futures.
 
Metals
Gold
$4,105.00 /troy oz  vs month before ▼ $214.00
World Bank monthly avg · October 2026
 
Silver
$57.00 /troy oz  vs month before ▼ $7.60
World Bank monthly avg · October 2026
 
Copper
$14,508 /metric ton  vs month before ▲ $34
World Bank monthly avg · October 2026
 

CME spot dairy today

  • Cheese, 40-lb blocks (CME spot): $1.5875/lb (Nov 4), up 1¢ from Tuesday.
  • Cheese, 500-lb barrels (CME spot): $1.7250/lb (Nov 4), unchanged from Tuesday.
  • Butter, Grade AA (CME spot): $1.2800/lb (Nov 4), down 1.75¢ from Tuesday.
  • Nonfat dry milk, Grade A (CME spot): $2.1875/lb (Nov 4), up 2.75¢ from Tuesday.
  • Dry whey, extra grade (CME spot): $0.8500/lb (Nov 4), up 1¢ from Tuesday.

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

  • Today: EIA spot prices update (crude, diesel, natural gas), 4:00pm CT
  • Thu: U.S. Drought Monitor, 7:30am CT
  • Thu: USDA weekly Export Sales, 7:30am CT
  • Thu: EIA natural gas storage, 9:30am CT
  • Thu: USDA grain transportation data (barge, rail, ocean), 12:00pm CT

Informational only — not investment, trading or financial advice.

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