# Milk futures, cash cheese sharply lower - Brownfield Ag News

> Class III milk futures on the CME closed lower on profit taking, demand uncertainty and a stronger dollar. March fell $0.23 to $16.04 and April fell $0.27 to $15.89. Cash cheese blocks dropped $0.0575 to $1.49.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5039-milk-futures-cash-cheese-sharply-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A stronger dollar makes US dairy exports less competitive and weighs on milk futures. Lower cheese and butter values point to softer farm milk prices.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-03-02 | 1 | -5.0% | -7.6 | Class III futures and cash cheese fell on profit taking, demand uncertainty and a stronger dollar, which is a direct sentiment and currency driver, but the 2/27 drop was far smaller than the -5% move ending 3/2. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-lower-21/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-sharply-lower/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mixed-21/

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