# Cheese closed up, butter down Tuesday on CME - Brownfield Ag News

> On the CME, Class III milk futures closed mostly lower on Tuesday, with November up slightly at $16.58. Butter fell to $2.25 and nonfat dry milk slipped to about $0.73 per pound, while cheese blocks closed up one cent at $1.76.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68615-cheese-closed-up-butter-down-tuesday-on-cme-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine futures moves with no new cause, so the effect on feed demand is small. Weak butter and nonfat dry milk point to soft dairy product values.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/cheese-closed-butter-tuesday-cme/

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