# Milk futures, cash dairy lower - Brownfield Ag News

> Chicago Mercantile Exchange milk futures and cash dairy markets fell in the week ending March 22, 2021. March Class III milk was down a penny at $16.24, with May and June each about 21-22 cents lower, and blocks and barrels also declined. USDA data showed cheese stocks above 1.4 billion pounds and butter inventories up 17 percent year on year.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48273-milk-futures-cash-dairy-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Heavy dairy product stocks and softer cash prices weigh on Class III milk values, which lowers the cost signal for milk-based feed inputs and dairy farm margins.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/milk-futures-cash-dairy-lower-41/

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