# CME milk futures & cash dairy down Monday - Brownfield Ag News

> On Monday, May 1, 2023, CME Class III milk futures fell, with May down 22 cents to $16.60 and June down 23 cents to $17.05. Cheese blocks fell half a cent to $1.6825 and barrels dropped 2.5 cents. Butter was unchanged and NDM slipped 1.75 cents.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4116-cme-milk-futures-and-cash-dairy-down-monday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower milk futures and cheese prices weaken dairy farm income and point to softer dairy ingredient demand.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-05-02 | 1 | -10.0% | -21.8 | May 1 CME report shows Class III futures falling 22-23 cents with cheese blocks and barrels lower, directly describing the selloff in the days ending May 2, though the size is far smaller than the stated move. |
| MILK | 2023-05-07 | 5 | -11.6% | -4.2 | May 1 Class III futures fell 22-23 cents on lower cheese blocks and barrels, contributing to the start of the weekly decline. |
| MILK | 2023-05-08 | 5 | -11.6% | -4.0 | May 1 drop in Class III futures and lower cheese blocks and barrels contributed to the start of the weekly decline. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-cash-dairy-down-monday-2/

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