# Milk futures, cash dairy lower - Brownfield Ag News

> Class III milk futures on the CME opened 2020 lower, with January down 20 cents to $17.06. Cash markets for dry whey, blocks, barrels, butter and nonfat dry milk were mostly unchanged to lower.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4657-milk-futures-cash-dairy-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower futures and cash dairy prices reduce the value of milk and dairy products, which weighs on feed demand from dairy producers at the margin.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-01-03 | 5 | -12.5% | -5.9 | Class III futures opened 2020 lower with cash dairy markets (cheese blocks, barrels, whey, butter, NFDM) flat to weaker, directly reflecting the price decline in the window. |
| MILK | 2020-01-08 | 5 | -12.0% | -6.7 | Class III futures opened 2020 lower, with January down 20 cents amid weak cash cheese, whey and butter, directly signaling the start of the selloff. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-lower-24/
- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-lower-25/

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