# Milk futures, cash dairy trade lower - Brownfield Ag News

> Milk futures on the CME started the week mostly lower ahead of USDA's monthly reports, with January Class III at $20.30 and March down 20 cents to $21.55. Cash butter fell 8.75 cents to $2.8475 and blocks dropped about 1 cent to $1.795. USDA data showed record cheese stocks of more than 1.4 billion pounds in December.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43310-milk-futures-cash-dairy-trade-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record cheese inventories point to ample supply that could cap dairy price gains and reduce the cost pressure on dairy ingredients. Routine weekly moves offer limited new information on the price trend.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-trade-lower-3/

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