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

> Class III milk futures on the CME fell on follow-through selling and demand uncertainty, with April down $0.04 at $15.10 and July down $0.07 at $15.95. Cash cheese blocks slipped $0.02 to $1.46 and butter fell to about $2.10, while nonfat dry milk rose $0.01 to $0.81. USDA reported higher milk output in many regions, and some processors were turning away milk.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7386-milk-futures-lower-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy milk supply and rising cheese and butter inventories point to weaker dairy product prices and lower milk values, which lowers the cost of dairy by-product feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-04-05 | 1 | -3.2% | -4.3 | Brownfield reported Class III futures falling on follow-through selling, demand uncertainty, softer cash cheese and butter, and higher USDA milk output with some processors turning away milk, which directly describes the move's timing and mechanism. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-continue-move-lower/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-lower-23/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-13/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-lower-cash-dairy-mixed-10/

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