# Milk futures, cash dairy lower - Brownfield Ag News

> Milk futures on the CME were limit down on Wednesday as August Class III fell to $19.28 and September to $16.67. Cash block, barrel and butter prices also fell sharply ahead of a bearish dairy product report, and the GDT index dropped more than 5% to $3,045 per ton.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8828-milk-futures-cash-dairy-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower global auction prices and weaker cash trade pull down US dairy futures and the Class III benchmark, reducing milk revenue and the value of dairy-based feed demand.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-08-07 | 5 | -21.1% | -3.2 | Limit-down CME Class III futures (August to $19.28, September to $16.67) with sharply lower cash block, barrel and butter prices directly reflect the price drop and bearish sentiment ahead of the product report. |
| MILK | 2020-08-05 | 1 | -20.3% | -3.7 | Directly describes Class III futures going limit down (August to $19.28, September to $16.67) as cash block, barrel and butter prices fell and the GDT dropped, which is the move itself and its immediate drivers. |
| MILK | 2020-08-04 | 1 | -20.3% | -3.7 | Reports CME milk futures limit down with August Class III falling to $19.28 and September to $16.67 amid sharp cash block, barrel and butter declines, directly describing the move. |
| MILK | 2020-08-06 | 5 | -21.1% | -3.3 | Class III futures went limit down as cash cheese, butter and the GDT index fell sharply, which directly accounts for the sharp price drop during the window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-lower-31/
- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-lower-30/

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