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

> Class III milk futures on the CME closed mostly lower on Tuesday, with October down 75 cents at $18.99 and January through April contracts 25 to 34 cents lower. Cash blocks and butter fell, while nonfat dry milk rose 1.5 cents. The Global Dairy Trade index in New Zealand rose 2% to $3,303 per ton.

- Date: 2019-09-17 · published 2019-09-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57234-milk-futures-lower-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower futures reduce expected dairy farm revenue and may slow dairy herd feed purchases. The gain in global dairy auction prices gives some support to export demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mixed-47/

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