# Milk futures continue lower trend - Brownfield Ag News

> Class III milk futures on the CME fell across the curve on October 4, 2016, with October at $14.98 and November at $15.23. Cash cheese blocks held at $1.5325 while butter and nonfat dry milk were slightly lower. The Global Dairy Trade index fell 3% at its latest auction.

- Date: 2016-10-03 · published 2016-10-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5687-milk-futures-continue-lower-trend-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak cash dairy and falling global auction prices pressure farm milk prices, which lowers the cost of dairy-based feed ingredients and reduces the margin for buyers of dairy by-products.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-10-06 | 1 | -8.2% | -6.0 | Class III futures fell across the curve on Oct 4 amid the GDT decline and softer butter and nonfat dry milk, showing the lower trend that fed into the large one-day drop. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-continue-lower-trend/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mixed-4/

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