# Milk futures, cash cheese lower - Brownfield Ag News

> In Class III trade on the CME, May milk futures fell $0.14 to $13.03 and June dropped $0.27 to $12.99 amid continued bearish supply and demand. Spot cash cheese barrels slipped to $1.40 and blocks to $1.36, while butter and nonfat dry milk also eased.

- Date: 2016-05-02 · published 2016-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4168-milk-futures-cash-cheese-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy cheese production and rising inventories point to continued softness in dairy product and Class III milk prices, which lowers feed buyers' dairy-sector demand signals.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-cheese-lower-4/

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