# Milk futures mostly higher, cash dairy mostly lower - Brownfield Ag News

> Class III milk futures were mixed, with July at $15.92 and August at $16.74. USDA reported record cheese stocks of 1.340 billion pounds at end of May, up 7 percent on the year, while butter stocks rose 7 percent on the month to 313.575 million pounds.

- Date: 2017-06-22 · published 2017-06-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/70636-milk-futures-mostly-higher-cash-dairy-mostly-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record cheese inventories signal heavy supply that pressures cheese and Class III prices, though firm butter demand partly offsets the bearish cheese picture.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-05-23 | [Milk futures, cash cheese lower - Brownfield Ag News](https://feedsoft.ai/events/71154-milk-futures-cash-cheese-lower-brownfield-ag-news.md) | +0.1% | +4.7% |
| MILK | 2021-06-10 | [USDA calls for dairy herd growth - Brownfield Ag News](https://feedsoft.ai/events/46749-usda-calls-for-dairy-herd-growth-brownfield-ag-news.md) | +1.1% | +0.1% |
| MILK | 2020-02-04 | [December dairy product production ends year higher - Brownfield Ag News](https://feedsoft.ai/events/54592-december-dairy-product-production-ends-year-higher-brownfield-ag-news.md) | 0.0% | -0.3% |
| MILK | 2023-02-08 | [USDA calls for limited milk production and lower prices - Brownfield Ag News](https://feedsoft.ai/events/37359-usda-calls-for-limited-milk-production-and-lower-prices-brownfield-ag-news.md) | +0.9% | -0.5% |
| MILK | 2018-11-08 | [USDA reduces dairy forecasts - Brownfield Ag News](https://feedsoft.ai/events/62187-usda-reduces-dairy-forecasts-brownfield-ag-news.md) | +0.8% | -5.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-mostly-higher-cash-dairy-mostly-lower-7/

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