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

> Milk futures on the CME ended the week lower, with July Class III down a penny to $24.41 and August down 75 cents to $21.75, while cash cheese slid. Blocks fell 4.5 cents to $2.54 and butter rose slightly to $1.73. The National Milk Producers Federation also noted House-passed ag appropriations provisions benefiting dairy.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52273-milk-futures-lower-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker cheese and softer global dairy demand pressure milk prices, which affects dairy-by-product feed economics and sentiment for dairy feed demand. The moves are incremental and largely a routine market wrap.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mixed-62/

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