# CME Dairy Market Report: September 5th, 2024 – Prices on the Rise | The Bullvine

> CME spot dairy prices were mixed to firmer on September 5, 2024, with butter up 1.5 cents to $3.1625 and nonfat dry milk up slightly to $1.3575. Cheese blocks and barrels were steady, and Class III futures traded actively ahead of the USDA July Dairy Products report.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4235-cme-dairy-market-report-september-5th-2024-prices-on-the-rise-the-bullvine
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Ongoing firmness in butter and milk powder supports dairy-based feed ingredient values, while traders position ahead of the USDA report that could move prices.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-09-09 | 5 | +12.1% | 3.3 | Firmer spot dairy and active Class III futures trading on Sept 5 reflect continued buying within the move window. |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/cme-dairy-market-report-september-5th-20024-prices-on-the-rise/

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