# Milk futures, cash dairy bleed to end a bloody week - Brownfield Ag News

> May Class III milk futures fell 70 cents to $12.18 per cwt on the Chicago Mercantile Exchange, and deferred contracts also lost 26 to 40 cents. Cash blocks, barrels, butter and nonfat dry milk all closed lower. The week ended with broad dairy weakness.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4156-milk-futures-cash-dairy-bleed-to-end-a-bloody-week-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine price moves across dairy products point to continued downward pressure on milk prices.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-04-06 | 5 | -14.4% | -5.9 | May Class III futures fell 70 cents to $12.18 on April 3 with cash cheese, butter and powder all lower, directly reflecting the price decline within the window. |
| MILK | 2020-04-05 | 5 | -14.4% | -6.4 | May Class III futures fell 70 cents to $12.18 with cash blocks, barrels, butter and NFDM all lower in the week ending April 3, directly describing the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-bleed-to-end-a-bloody-week/

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