# Milk futures, cash cheese higher - Brownfield Ag News

> Class III milk futures on the CME rose, with July up $0.23 to $15.12 and August up $0.45 to $16.31. Spot cash cheese blocks and barrels also moved higher, while butter fell $0.04 to $2.30. Trade data showed New Zealand dairy exports up in May and US butter use rising in the first quarter.

- Date: 2016-06-27 · published 2016-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4209-milk-futures-cash-cheese-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher cheese and futures prices lift the milk price outlook for US dairy producers. Soft butter prices limit the upside for the overall milk price.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-07-01 | 5 | +14.0% | 8.8 | Class III futures rose sharply (July +$0.23, August +$0.45) alongside higher cash cheese, directly reflecting the price move in the window. |
| MILK | 2016-06-30 | 1 | +15.4% | 16.3 | Class III futures rallied and spot cash cheese blocks and barrels rose just before the move, a direct price-momentum driver for Class III. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mixed-4/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/milk-futures-cash-cheese-higher/

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