# CME dairy markets continue downward slide - Brownfield Ag News

> CME milk futures and cash dairy prices kept falling on Thursday. USDA and Cornell announced June minimum class prices, with Class III at $15.21 per hundredweight.

- Date: 2018-07-05 · published 2018-07-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4975-cme-dairy-markets-continue-downward-slide-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III and Class IV prices reduce milk revenue and the value of dairy-based feed ingredients. The move is routine market price action with no new supply or demand shock.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-07-05 | 1 | -5.8% | -7.9 | CME Class III futures and cash dairy prices kept falling on July 5, the day of the move, directly reflecting selling pressure in the market. |
| MILK | 2018-07-09 | 5 | -7.0% | -3.2 | CME futures and cash prices kept sliding on July 5, contributing to the five-day drop. |
| MILK | 2018-07-10 | 5 | -7.1% | -3.1 | CME futures and cash prices continued sliding in the window, directly reflecting the selling pressure behind the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-dairy-markets-continue-downward-slide/

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