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

> Chicago Mercantile Exchange milk futures started the week mostly lower on Monday, with May Class III down 11 cents at $16.46 and most contracts through November slightly lower or unchanged. Cash dairy was mostly lower, with blocks unchanged at $1.6125 and butter down 1.5 cents at $2.43. The softer tone came alongside a stronger dollar and minimal cash trading.

- Date: 2023-05-08 · published 2023-05-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8133-milk-futures-cash-dairy-mostly-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A stronger dollar and thin cash trade pressure dairy product values, which feeds through to lower Class III milk prices and modestly weaker dairy-based feed demand expectations.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2023-05-08 | 5 | -11.6% | -4.0 | May 8 Class III futures fell further with blocks at $1.6125 and a stronger dollar, extending the slide at the end of the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-cash-dairy-lower-tuesday/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-lower-111/

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