# CME milk, cash dairy prices higher Monday - Brownfield Ag News

> Milk futures and most cash dairy prices rose on the CME on Monday. August Class III milk gained $0.43 to $17.69, and cheese blocks rose to $1.96. Butter held at $2.68 and nonfat dry milk slipped slightly.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35202-cme-milk-cash-dairy-prices-higher-monday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III futures signal modestly firmer dairy product values, which can support milk prices for producers. Price moves of this size are routine and do not change the feed outlook much.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-08-01 | 1 | +26.6% | 30.3 | On Monday July 31, August Class III futures gained $0.43 to $17.69 as cheese blocks rose to $1.96, which is the closest same-window price action to the large one-day move, though its size is small compared with 26.65%. |
| MILK | 2023-08-01 | 5 | +26.7% | 8.1 | Monday 7/31 CME rally with August Class III up $0.43 to $17.69 and cheese blocks rising to $1.96 is direct evidence of the futures price surge within the window (demand/cheese-driven rebound). |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-cash-dairy-prices-higher-monday/

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