# CME: milk mixed & cash dairy prices down Monday - Brownfield Ag News

> Class III milk futures on the CME fell on Monday, with December down $0.14 to $20.17. Cheese blocks dropped $0.25 to $2.1250 and butter closed down at $2.93, while nonfat dry milk slipped to $1.39.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8749-cme-milk-mixed-and-cash-dairy-prices-down-monday-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III futures and spot cheese point to weaker milk value, which tends to reduce dairy-based feed ingredient demand and lower farm milk checks.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-11-30 | 1 | -5.8% | -3.8 | Nov 28 declines in cheese blocks, butter and nonfat dry milk pushed Class III futures lower, establishing the downward momentum that carried into Nov 30. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-mixed-cash-dairy-prices-down-monday/

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