# Milk futures, cash dairy mixed - Brownfield Ag News

> Chicago Mercantile Exchange milk futures traded mixed, with June Class III down a penny at $17.31 and July down four cents at $17.85. Cash blocks were unchanged at $1.5050 and barrels rose to $1.5925, while butter eased to $1.79. USDA raised May Class and Component prices, with Class III set at $18.96.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5676-milk-futures-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed cash dairy trade and small futures moves give little new direction for milk prices, so the feed-relevant signal is limited. The USDA upward revision reflects already-reported May prices rather than a new supply or demand shift.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2021-06-02 | 1 | -8.8% | -6.1 | Brownfield report for 2021-06-02 shows June Class III futures at $17.31 and July at $17.85, sharply below the prior week's $17.98 and $18.55, with cash blocks flat and butter easing, which fits the selloff; the cash market was not the main trigger, though. |
| MILK | 2021-06-03 | 1 | -8.8% | -6.1 | CME Class III futures were weaker on June 2 (June $17.31, July $17.85), well below the roughly $18.96 May Class III price, which shows the futures discount and bearish pressure ahead of the drop. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mixed-130/
- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-mostly-lower-88/

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