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

> CME milk futures closed mostly lower on Thursday after weakness in the cash market, with near-term Class III contracts down up to 31 cents. USDA October data showed butter output up more than 5 percent from last year and nonfat dry milk production up more than 11 percent.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6369-milk-futures-cash-dairy-mostly-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising butter and powder output combined with weak cash prices pressures dairy product values, which can soften milk prices for dairy-linked feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-51/

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