# CME dairy markets see big gains Tuesday - Brownfield Ag News

> Most milk futures and cash dairy prices spiked higher on the CME on Tuesday. January Class III milk rose 75 cents to $20.75, with nearby months up similar amounts. Cheese blocks, butter and nonfat dry milk also closed higher or unchanged.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4067-cme-dairy-markets-see-big-gains-tuesday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Sharp gains in Class III futures and cash dairy signal stronger milk values, which raise dairy farm margins and the cost of dairy-based feed ingredients for buyers.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-01-05 | 5 | +12.2% | 4.2 | Jan 4 CME spike (Jan Class III up 75 cents to $20.75) is a direct price move within the 5-day window, driven by cheese, butter and NDM strength. |
| MILK | 2022-01-05 | 1 | +12.2% | 24.2 | CME report of Jan 4 spike in Class III futures (+75 cents to $20.75) and cash dairy prices is a direct price move within the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-dairy-markets-see-big-gains-tuesday/

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