# CME milk futures lower, butter gains value in cash dairy market - Brownfield Ag News

> CME Class III milk futures closed lower on September 28, with October at $16.71 and December down slightly. Butter rose 3.5 cents to $3.335 while blocks and barrels of cheese declined.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34253-cme-milk-futures-lower-butter-gains-value-in-cash-dairy-market-brownfield-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine futures closing levels show milk prices drifting lower on cheese weakness, a modest signal for dairy-herd feed demand. Butter gains do not change the overall bearish tone.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-cash-dairy-markets-mostly-lower-wednesday-2/
- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/cme-milk-futures-lower-butter-gains-value-in-cash-dairy-market/

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