# Milk futures mostly higher, cash dairy up - Brownfield Ag News

> Class III milk futures on the CME rose in early August 2016, with August up $0.11 to $17.10 and September up $0.17 to $17.16. Cash cheese blocks gained $0.055 to $1.815, butter rose to $2.27, and nonfat dry milk edged up to $0.8325. USDA reported steady butter output, active cheese making, and declining milk production due to heat.

- Date: 2016-08-05 · published 2016-08-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6031-milk-futures-mostly-higher-cash-dairy-up-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Hot weather reducing milk output and firm cheese and butter demand support milk prices, which lifts the cost of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-08-08 | 5 | +12.3% | 3.9 | Higher Class III futures, rising cash cheese and butter, and heat-related declines in milk output directly show supply tightening and price strength during the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-mostly-higher-cash-dairy/

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