# CME milk futures down, cash dairy steady to up but no demand - Brownfield Ag News

> On June 30, 2022, CME milk futures fell, with July Class III down $0.27 to $22.53 and September down $0.60. Cash cheese and butter were unchanged, and NFDM edged up less than a cent, with little trade reported.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4555-cme-milk-futures-down-cash-dairy-steady-to-up-but-no-demand-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower futures and thin cash trade point to weak near-term milk price direction, pressuring dairy-sector feed buying.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-07-05 | 5 | -9.2% | -3.8 | June 30 futures drop (July Class III down $0.27, Sept down $0.60) amid no cash demand reflects weak buying pressure within the window. |
| MILK | 2022-07-04 | 5 | -9.2% | -4.3 | On June 30 Class III futures fell with little cash trade, indicating weak demand and falling prices within the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-down-cash-dairy-steady-to-up-but-no-demand/

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