# Milk futures, cash dairy mixed - Brownfield Ag News

> On February 26, 2024, CME milk futures were mostly higher, with March Class III up 27 cents to $17.58. USDA's Cold Storage report showed January cheese stocks near 1.5 billion pounds, a record for the month.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5461-milk-futures-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record cheese inventories are a bearish signal for dairy demand, which partly offsets the firmer futures trade.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-07-01 | [May dairy product production mixed, huge gains in SMP - Brownfield Ag News](https://feedsoft.ai/events/52122-may-dairy-product-production-mixed-huge-gains-in-smp-brownfield-ag-news.md) | +12.9% | +16.5% |
| MILK | 2021-02-04 | [Dairy product production sees greatest shift in dry milk - Brownfield Ag News](https://feedsoft.ai/events/48643-dairy-product-production-sees-greatest-shift-in-dry-milk-brownfield-ag-news.md) | -0.6% | +4.1% |
| MILK | 2019-10-10 | [Dairy production increases reflected in 2020 all milk price - Brownfield Ag News](https://feedsoft.ai/events/56718-dairy-production-increases-reflected-in-2020-all-milk-price-brownfield-ag-news.md) | -0.5% | +8.1% |
| MILK | 2022-05-12 | [USDA calls for increased milk production  - Brownfield Ag News](https://feedsoft.ai/events/41564-usda-calls-for-increased-milk-production-brownfield-ag-news.md) | +0.4% | -1.9% |
| MILK | 2024-05-10 | [USDA calling for milk production growth - Brownfield Ag News](https://feedsoft.ai/events/30436-usda-calling-for-milk-production-growth-brownfield-ag-news.md) | +0.5% | +4.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cme-milk-futures-lower-cash-dairy-mixed-tuesday-3/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-mixed-166/

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