# Milk Futures Rise at Chicago Mercantile Exchange Amid Dollar Dip and Butter-Buying Spree | The Bullvine

> Milk futures on the CME finished mostly higher Thursday, led by a lower dollar and a butter-buying spree in the cash market. June Class III rose 36 cents to $18.90 and butter climbed in cash trade.

- Date: 2024-05-03 · published 2024-05-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4268-milk-futures-rise-at-chicago-mercantile-exchange-amid-dollar-dip-and-butter
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III futures signal firmer milk revenue expectations for dairy feed buyers. This is routine price commentary with no major new supply or demand shift.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-05-06 | 5 | +18.7% | 4.2 | It repeats the same futures rise driven by a lower dollar and strong cash butter buying, which supported sentiment and Class III pricing. |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/milk-futures-rise-at-chicago-mercantile-exchange-amid-dollar-dip-and-butter-buying-spree/

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