# Milk futures lower, cash dairy mostly steady - Brownfield Ag News

> Class III milk futures on the CME fell on follow-through selling and supply concerns, with July down $0.12 at $15.70. Cash cheese blocks were unchanged at $1.51 and butter steady at $2.67. Australian milk output in May fell 2.8% year on year, and the USDA dairy index rose 1.2% on the month.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10589-milk-futures-lower-cash-dairy-mostly-steady-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine dairy price wrap with modest supply tightening abroad; limited direct effect on feed grain prices.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-06-28 | 1 | -3.2% | -3.4 | Directly reports Class III futures falling on follow-through selling and supply concerns on 2017-06-27, the session leading into the drop, though the quoted July decline is smaller than the move measured. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mostly-higher/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mostly-steady-2/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-narrowly-mixed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.