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

> Class III milk futures on the CME rose on Wednesday, with October up 26 cents to $19.53, supported by firm cash markets. Blocks, barrels and butter also edged higher, and USDA set August Class III at $16.43.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6553-milk-futures-cash-dairy-mostly-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III futures signal stronger expected milk prices, which improves dairy producers' margins and their capacity to buy feed.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-10-05 | 5 | +26.2% | 2.8 | Class III futures extended gains on 9/30 (October up 26 cents to $19.53) on firm cash cheese and butter, showing continued buying momentum within the 5-day window. |
| MILK | 2020-09-30 | 1 | +19.4% | 4.9 | Reports on 2020-09-30 of Class III futures rising (October up 26 cents to $19.53) on firm cash blocks and barrels directly reflect the price action on the move date, though the stated gain is far smaller than 19.45%. |
| MILK | 2020-10-04 | 5 | +26.2% | 2.8 | October Class III futures were up again to $19.53 on firm cash markets and rising blocks and barrels, consistent with continued upward momentum. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-higher-51/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-higher-8/
- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-mostly-higher-50/

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