# Milk futures, cash dairy higher - Brownfield Ag News

> CME Class III milk futures closed higher on March 2, with February up a penny to 15.65 and April up 39 cents to 17.80. Cash block cheese, butter and nonfat dry milk also rose. The gains followed the 15 percent Global Dairy Trade jump.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7530-milk-futures-cash-dairy-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III milk futures and cash dairy prices signal stronger US milk value and raise expected returns for dairy producers. Routine market moves like this give buyers a read on dairy feed demand.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2021-03-03 | 1 | +4.8% | 4.2 | Directly documents CME Class III futures and cash cheese, butter and NDM rising after the GDT jump, showing transmission to the traded contract. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-higher-40/

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