# Milk futures, cash dairy lower - Brownfield Ag News

> Class III milk futures on the CME closed lower on Tuesday, with October down three cents to $15.50 and November down 32 cents to $15.10. Spot barrels fell to $1.22 per pound, approaching a 2018 low, and cheese and butter cold storage stocks rose year over year.

- Date: 2018-10-23 · published 2018-10-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62681-milk-futures-cash-dairy-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising dairy cold storage stocks and softer spot prices point to weaker milk prices into the fourth quarter, which lowers farm milk income and can trim dairy-cow feed demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-cash-dairy-lower-9/

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