# CME butter down 3rd straight day, other milk & dairy prices mixed Wednesday - Brownfield Ag News

> On the CME, butter fell a third straight day to $2.61 on 15 sales, while November Class III milk rose 9 cents to $20.68. Cheese blocks and dry whey gained slightly, and nonfat dry milk slipped to $1.37.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8820-cme-butter-down-3rd-straight-day-other-milk-and-dairy-prices-mixed-wednesday
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Butter weakness pulls down the component values used in Class IV pricing, while cheese strength supports Class III. Mixed component moves leave the net direction of milk prices unclear.

## Read by commodity

- MILK: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-butter-down-3rd-straight-day-other-milk-dairy-prices-mixed-wednesday/

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