# CME dairy prices tumble, Global Dairy Trade index also down - Brownfield Ag News

> Class III milk futures and cash dairy prices fell at the CME ahead of the July 4 holiday. The Global Dairy Trade index also dropped 5%, with whole milk powder down 7.3%.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4971-cme-dairy-prices-tumble-global-dairy-trade-index-also-down-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower dairy prices reduce milk revenue and the value of dairy byproducts used in feed. This is routine price movement with no new cause identified.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-07-04 | 1 | -5.8% | -8.0 | Reports CME Class III futures and cash dairy prices tumbling into the July 4 holiday alongside a 5% GDT drop, directly describing the move window. |
| MILK | 2018-07-09 | 5 | -7.0% | -3.2 | Class III futures and cash prices tumbled on July 3 alongside a 5% GDT drop, signaling weak global demand and sentiment. |
| MILK | 2018-07-10 | 5 | -7.1% | -3.1 | Class III futures and cash prices fell at the CME while the GDT dropped 5%, a direct price decline and weaker global sentiment within the move window. |
| MILK | 2018-07-05 | 1 | -5.8% | -7.9 | CME Class III futures fell ahead of the July 4 holiday and GDT dropped, setting up the lower base and negative sentiment carried into July 5 trading. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-dairy-prices-tumble-global-dairy-trade-index-also-down/

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