# Milk futures higher on lower USDA production estimate - Brownfield Ag News

> Class III milk futures rose on May 10 after USDA lowered its 2017 production estimate by 400 million pounds. Cash cheese blocks ticked up to $1.60, butter gained to $2.13, and deferred Class III contracts rose 15 to 22 cents.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71020-milk-futures-higher-on-lower-usda-production-estimate-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The lower USDA production outlook tightens expected milk supply, supporting futures and the forward Class III price curve.

## Read by commodity

- MILK: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/milk-futures-higher-lower-usda-production-estimate/

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