# Milk futures, cash cheese higher - Brownfield Ag News

> Class III milk futures on the CME rose on an oversold bounce after mostly lower trade, with July at $15.72 and August at $16.58. Cash cheese blocks gained to $1.525 and butter rose to $2.6425, while USDA reported Midwest milk output steady to lower but supplies still ample.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70631-milk-futures-cash-cheese-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Routine price commentary with no new supply shock; firm cheese and butter support milk futures, but ample supplies cap gains and limit the effect on dairy feed demand.

## Read by commodity

- MILK: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-higher-18/

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