# CME milk futures, cash dairy higher Monday - Brownfield Ag News

> Class III milk futures were higher across the near months on Monday, with February up 40 cents to $16.46. Spot cheese blocks rose 7.25 cents to $1.61, barrels rose 8 cents to $1.55, and butter rose 4.25 cents to $2.8025.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6012-cme-milk-futures-cash-dairy-higher-monday-brownfield-ag-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher spot dairy product prices support the Class III milk price and dairy producer returns. This is routine daily market commentary with no new fundamental driver.

## Read by commodity

- DXY: bullish ▲
- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-01-31 | 1 | +5.9% | 5.5 | Monday's rally in Class III futures and spot cheese set up upward momentum and a short-covering bid, though it predates the Jan 31 move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-cash-dairy-higher-monday-3/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-down-cash-dairy-mixed-tuesday-9/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mixed-164/

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