# Milk futures, cash dairy trade higher - Brownfield Ag News

> CME Class III milk futures closed higher on Thursday as cash dairy markets traded firmer. Dec Class III rose a penny to $18.43 and January rose 17 cents to $20.18, while butter and blocks also gained. November's Price Index rose 5.6% from October.

- Date: 2021-12-30 · published 2021-12-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43749-milk-futures-cash-dairy-trade-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firm cash butter and cheese prices lift milk futures, supporting farm-gate milk prices heading into 2022 and suggesting stronger demand for dairy feed rations.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-01-05 | 5 | +12.2% | 4.2 | Dec 30 futures gains (Jan Class III up 17 cents to $20.18) with firmer cash cheese and butter began the rally within the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-trade-higher-10/

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