# Milk futures, cash cheese higher - Brownfield Ag News

> Class III milk futures on the CME rose on technical momentum and expected stronger demand, with August up $0.14 to $16.73 and September up $0.17 to $17.48. Cash cheese blocks gained $0.0325 to $1.7875 and barrels rose to $1.66. The Global Dairy Trade index fell 1.6% to $3,343 per ton.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5478-milk-futures-cash-cheese-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III futures and cash cheese signal stronger dairy product values, which tends to support milk prices and the cost of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-08-02 | 1 | +6.5% | 6.4 | Class III futures and cash cheese rose on 2017-08-01 on technical momentum and expected stronger demand, directly preceding the large move and feeding sentiment and momentum buying. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-higher-22/

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