# Cash cheese hits multi-year lows - Brownfield Ag News

> Class III milk futures were mixed, with May down $0.06 at $12.87 and July up $0.18 at $13.33. Spot cash cheese fell to its lowest level since March 2010, with barrels at $1.315 and blocks at $1.305.

- Date: 2016-05-05 · published 2016-05-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4173-cash-cheese-hits-multi-year-lows-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Cheese prices at multi-year lows signal oversupply in dairy markets, which keeps milk prices and dairy-sector feed demand weak.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2016-05-05 | 1 | -5.5% | -18.8 | Spot cash cheese fell to its lowest level since March 2010 on May 5, and cheese is the main driver of Class III futures, so this directly pressures the price. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cash-cheese-hits-multi-year-lows/

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