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

> Milk futures on the CME closed higher on Tuesday, with October Class III up six cents to $22.26 and November up 42 cents to $21.80. Cash dairy was mixed, with blocks unchanged at $2.00 and butter up to $3.21. The Global Dairy Trade index fell 3.5 percent, its first decline since mid-August.

- Date: 2022-10-04 · published 2022-10-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5111-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine futures moves with mixed cash trade give little new direction for feed buyers. The GDT decline points to softer global dairy demand, which could cap milk price gains.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-10-04 | 1 | +11.5% | 7.4 | Reports CME Class III futures closing higher on Oct 4 (Oct +6c, Nov +42c) on the day of the move, directly reflecting price action, though the magnitude shown is far smaller than 11.5%. |
| MILK | 2022-10-05 | 5 | +11.2% | 3.5 | On Oct 4 Class III futures extended gains (Oct +6c, Nov +42c) with butter higher, though a weaker GDT index limited the strength. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-higher-92/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-higher-cash-dairy-mixed-125/

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