# CME milk mostly lower, cash dairy steady to lower Tuesday - Brownfield Ag News

> Milk futures on the CME were mostly lower on Tuesday, with the January Class III contract settling up slightly at $19.48 while February through December contracts fell. Cash blocks, barrels, and butter were steady to lower, and dry whey and nonfat dry milk were unchanged.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5877-cme-milk-mostly-lower-cash-dairy-steady-to-lower-tuesday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III futures and cash dairy prices reduce the value of milk and the returns on dairy-based feed inputs. The routine daily move reflects weak near-term dairy demand rather than a new supply shock.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-02-01 | 1 | -8.1% | -5.7 | CME futures for February through December fell on 1/30 while cash dairy was steady to lower, showing weakening price momentum just before the move; the January contract expiry also affects the front-month price. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-mostly-lower-cash-dairy-steady-to-lower-tuesday/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-107/

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