# Milk futures higher, cash dairy mixed - Brownfield Ag News

> Class III milk futures rose on Tuesday, with the nearby December contract up 7 cents to $13.72 and January up 24 cents. USDA's December report cut cheese and milk price forecasts for 2018 and 2019 and lowered milk production forecasts.

- Date: 2018-12-11 · published 2018-12-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61560-milk-futures-higher-cash-dairy-mixed-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower USDA milk production forecasts and a smaller expected herd support firmer milk prices, while weaker cheese price forecasts limit gains.

## Read by commodity

- MILK: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-higher-cash-dairy-mixed-38/

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