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

> Milk futures on the CME rose after USDA's Prospective Plantings and Grain Stocks reports were released, with April Class III up 43 cents to $17.60. Cash dairy was mixed, with blocks slightly lower and butter down half a cent, while barrels and nonfat dry milk edged higher.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5251-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The USDA report release triggered a rally in forward Class III contracts, which signals stronger expected milk revenue. Mixed cash prices suggest the futures move is partly speculative.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2021-03-30 | 1 | +8.6% | 8.8 | Same-day CME report: April Class III futures rose 43 cents to $17.60 after USDA's Prospective Plantings and Grain Stocks reports, which directly links the move to futures price action and grain-driven sentiment. |
| MILK | 2021-03-31 | 1 | +8.6% | 7.0 | Class III futures rose after USDA's Prospective Plantings and Grain Stocks reports, adding to upward momentum and reflecting feed-cost and sentiment effects just before the large move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-01-12 | [Milk futures higher, cash dairy mixed - Brownfield Ag News](https://feedsoft.ai/events/73013-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news.md) | +0.4% | +0.7% |
| MILK | 2016-12-12 | [Milk futures up on lower production estimates - Brownfield Ag News](https://feedsoft.ai/events/73506-milk-futures-up-on-lower-production-estimates-brownfield-ag-news.md) | +1.3% | -2.3% |
| MILK | 2026-05-12 | [USDA projects more milk production, dairy trade, and higher 2026 milk prices - Brownfield Ag News](https://feedsoft.ai/events/19254-usda-projects-more-milk-production-dairy-trade-and-higher-2026-milk-prices.md) | -0.4% | -5.5% |
| MILK | 2023-08-11 | [USDA projects lower dairy production, some higher prices - Brownfield Ag News](https://feedsoft.ai/events/34590-usda-projects-lower-dairy-production-some-higher-prices-brownfield-ag-news.md) | +0.1% | +7.1% |
| MILK | 2020-06-11 | [USDA dairy price outlook improving, cow numbers also higher - Brownfield Ag News](https://feedsoft.ai/events/4253-usda-dairy-price-outlook-improving-cow-numbers-also-higher-brownfield-ag-news.md) | +2.0% | +18.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-higher-cash-dairy-mixed-107/
- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-mixed-cash-dairy-higher-8/

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