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

> Class III milk futures closed higher on the Chicago Mercantile Exchange, supported by the US-Mexico trade deal and USDA's relief package announcement. Blocks, barrels, butter and nonfat dry milk all firmed. Most forward contracts closed higher.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4763-milk-futures-cash-dairy-continue-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The trade deal and aid package reduced fears of a prolonged dairy export slump, supporting forward milk prices. Feed buyers should expect firmer dairy-product values in the near term.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-08-28 | 1 | +9.7% | 8.8 | Class III futures rallied on the US-Mexico trade deal and USDA relief package news on 2018-08-27, the day before the move, with cheese and other dairy products firming (trade-flow and sentiment mechanism). |
| MILK | 2018-08-30 | 5 | +9.9% | 3.9 | Class III futures rallied on 2018-08-27 on the US-Mexico trade deal and USDA relief package, with cheese, butter and NFDM firming, which directly supports the upward move in the window. |
| MILK | 2018-09-05 | 5 | +10.2% | 3.9 | Class III futures rallied on the US-Mexico trade deal and USDA relief, with cheese, butter and NFDM firming, which is sentiment and trade-flow support early in the window. |
| MILK | 2018-08-29 | 1 | +9.7% | 8.7 | Class III futures rallied on the US-Mexico trade deal and the USDA relief package, with cash blocks, barrels and butter firming; this is the closest sentiment and trade-flow driver, though it is dated two days before the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-continue-higher/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-higher-24/

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