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

> Class III milk futures on the CME closed mostly higher, with November up $0.21 at $16.80 and December up $0.18 at $16.45. Cash cheese blocks rose $0.0375 to $1.90 and butter gained to $1.8925, while nonfat dry milk fell slightly. The USDA reported cream supplies available in most regions and cheese makers running near full schedules.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8321-milk-futures-cash-dairy-mostly-higher-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Firm cheese and butter prices and near-full cheese production support Class III milk futures. Stable dairy product demand keeps milk prices firm for buyers of dairy-based feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-11-07 | 5 | +14.8% | 3.9 | Class III futures rose further with cash cheese up to $1.90 on Nov 4, which supports the 5-day gain through firmer cheese prices. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-higher-11/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mostly-higher-5/

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