# Milk futures, cash dairy lower - Brownfield Ag News

> Class III milk futures on the CME traded lower on Thursday, with August at $17.57 and September at $17.23. Cash blocks, barrels, butter and nonfat dry milk also eased, and USDA reported July cheese stocks down 1% monthly and butter stocks up 1%.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57729-milk-futures-cash-dairy-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softer dairy product values reduce near-term milk price support, which can modestly weaken dairy producer margins and feed demand outlook.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-lower-23/

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