# Cash dairy, milk futures mixed - Brownfield Ag News

> CME Class III milk futures were mixed, with November up $0.23 at $16.27 and December up $0.13 at $16.01. Cash cheese blocks rose $0.03 to $1.80, while butter fell to $1.88. The GDT index rose 11.4%, with whole milk powder up 19.8%.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4655-cash-dairy-milk-futures-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed US milk futures alongside a strong global auction suggest firmer dairy demand internationally, though domestic US prices remain steady.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-11-07 | 5 | +14.8% | 3.9 | CME Class III futures and cash cheese rose on the day of the GDT surge, which ties the global price rally directly to US milk pricing. |
| MILK | 2016-11-03 | 1 | +11.9% | 9.8 | CME Class III futures were already firmer, with November up $0.23, as GDT results came in, which links global dairy strength directly to US milk pricing. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cash-dairy-milk-futures-mixed/

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