# CME dairy markets mostly up Friday - Brownfield Ag News

> CME dairy markets closed mostly higher on Friday, with September Class III milk up $0.14 to $16.52. Butter fell while cheese, blocks and barrels gained. USDA noted lighter milk volumes into cheese vats in the east and Midwest, and heat and dryness hurting production in northern Europe and Australia.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63535-cme-dairy-markets-mostly-up-friday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter milk supply and overseas heat support dairy prices, which can lift demand for dairy-linked feed byproducts modestly.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-08-30 | 5 | +9.9% | 3.9 | September Class III rose on cheese, block and barrel gains, with lighter milk volumes into cheese vats and heat hurting production in Europe and Australia tightening supply. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-dairy-markets-mostly-up-friday-3/

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