# Milk futures, cash cheese post gains - Brownfield Ag News

> Class III milk futures at the CME rose sharply on June 2, 2016, with July up $0.42 to $13.91 and August up $0.35 to $14.56. Spot cash cheese barrels and blocks also firmed, while butter and nonfat dry milk were steady.

- Date: 2016-06-02 · published 2016-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7542-milk-futures-cash-cheese-post-gains-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher futures ahead of the seasonal summer drop in milk output point to firmer dairy-based feed ingredient values and a supportive outlook for milk prices.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-06-03 | 1 | +3.1% | 4.2 | Sharp CME Class III futures gains on June 2, backed by firmer spot cheese barrels and blocks, are direct price action leading into the 3.13% move ending June 3. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-higher-4/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-post-gains/

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