# CME dairy prices continue to drop - Brownfield Ag News

> CME milk futures and most cash dairy prices fell again to close the week. A USDA report showed May total cheese output up 1.7% and butter production at 168 million pounds.

- Date: 2018-07-06 · published 2018-07-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4974-cme-dairy-prices-continue-to-drop-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher cheese output in the USDA data adds supply to the market and supports the downward price trend in dairy. Milk and dairy byproduct prices remain under pressure.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-07-09 | 5 | -7.0% | -3.2 | CME Class III futures and cash dairy prices fell again on July 6, directly reflecting the weekly decline in the window. |
| MILK | 2018-07-10 | 5 | -7.1% | -3.1 | CME milk futures and cash prices fell again, and higher cheese output added supply pressure, contributing to the weekly decline. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-dairy-prices-continue-to-drop/

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