# Milk Futures Surge on Chicago Mercantile Exchange Amidst Mixed Cash Trade Activity | The Bullvine

> Class III milk futures on the CME rose on April 30, 2024, with May up 2 cents to $18.39 and June up 45 cents to $18.70. Cash trade was mixed, with blocks and barrels higher, butter steady at $2.965, and nonfat dry milk up a cent to $1.12.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7592-milk-futures-surge-on-chicago-mercantile-exchange-amidst-mixed-cash-trade
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk futures signal firmer dairy prices, which can support dairy-herd feed demand and sentiment for dairy byproduct feeds. The move was driven by routine trading rather than a new supply or demand shock.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2024-05-06 | 5 | +18.7% | 4.2 | Class III futures rose on April 30 (June up 45 cents) with blocks and barrels higher, showing the cheese-led rally that began the 5-day move. |
| MILK | 2024-05-02 | 5 | +18.6% | 4.4 | On April 30 Class III futures rose (June +45 cents) with blocks and barrels higher, which directly contributes to the rally in the window. |
| MILK | 2024-04-30 | 1 | +18.2% | 13.8 | Reports Class III futures rising on April 30 (June +45c to $18.70) with blocks and barrels higher, direct market action on the move date, though the stated gains are far smaller than 18% and likely reflect a contract roll or data artifact. |

## Sources

- thebullvine.com: https://www.thebullvine.com/news/milk-futures-surge-on-chicago-mercantile-exchange-amidst-mixed-cash-trade-activity/

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