# Milk futures, cash dairy continue slide - Brownfield Ag News

> Class III milk futures on the CME fell across the curve on October 11, 2016, with October down $0.12 to $14.70 and January down $0.20 to $15.10. Spot cheese, butter and nonfat dry milk also traded lower. The USDA announced a $20 million cheddar purchase for food banks and released a report on Trans-Pacific Partnership benefits for dairy.

- Date: 2016-10-10 · published 2016-10-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9404-milk-futures-cash-dairy-continue-slide-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Persistent high milk production and weak spot dairy prices point to continued pressure on milk values. The USDA cheese purchase offers little support to the wider market.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-10-13 | 5 | -10.1% | -3.7 | Class III futures fell across the curve on Oct 11 with spot cheese, butter and NFDM lower, directly reflecting selling pressure within the 5-day window. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-continue-slide/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-lower/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-higher-cash-dairy-steady-lower/

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