# CME milk futures lower, cash dairy mixed Wednesday - Brownfield Ag News

> Class III milk futures closed lower on Wednesday, with April at $15.42 and May at $15.64. Cheese blocks, barrels and dry whey eased, while butter rose 2 cents to $2.94 and nonfat dry milk gained a cent to $1.14.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6734-cme-milk-futures-lower-cash-dairy-mixed-wednesday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III futures and cheese prices point to softer milk-based ingredient values. Butter strength is a partial offset.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-04-02 | 1 | -5.6% | -4.8 | CME report shows Class III futures closed lower with cheese blocks, barrels and whey easing, consistent with the cheese-led decline, though dated a day later and describing a smaller move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-lower-cash-dairy-mixed-wednesday-8/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-lower-cash-dairy-mostly-higher-tuesday/

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