# Class III milk still struggling to stay over $17 - Brownfield Ag News

> A commodity analyst says Class III milk has struggled to hold above $17/cwt, a level that has capped prices in recent years. He cites the lack of a trade deal reopening Mexico and China and a 14% drop in Cheddar values at Global Dairy Trade.

- Date: 2019-06-06 · published 2019-06-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58737-class-iii-milk-still-struggling-to-stay-over-17-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Trade barriers and weaker cheese values limit upside in milk prices, reducing the likelihood of a sustained rally in dairy-based feed demand.

## Read by commodity

- MILK: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/class-iii-milk-still-struggling-to-stay-over-17/

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