# Milk futures, cash dairy higher - Brownfield Ag News

> Class III milk futures on the CME rose across the board, with June up $0.14 to $16.70 and July up $0.18 to $17.26. Cash cheese, butter and nonfat dry milk also firmed modestly. Reports showed milk output down in the UK and France and up in Ireland, and the USDA dairy index for April fell 4.6 percent from March.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4351-milk-futures-cash-dairy-higher-brownfield-ag-news
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expectations of improving demand and mixed European output support higher Class III futures, though the monthly USDA index decline tempers the rally.

## Read by commodity

- MILK: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-06-01 | 1 | +6.7% | 12.4 | Class III futures rose across the board on 5/31 (June +$0.14, July +$0.18) with firmer cash cheese, butter and NDM and weaker European output, directly feeding the run-up into 6/1, though the size of this gain is small versus a 6.73% move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-futures-close-higher-9/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-higher-7/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-18/

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