# Milk futures, cash cheese lower - Brownfield Ag News

> Class III milk futures fell on the CME after USDA's cold storage report showed bearish cheese and butter inventories. June was down $0.08 at $16.21 and July down $0.04 at $16.71. Cash cheese blocks slipped to $1.645 and barrels to $1.4725.

- Date: 2017-05-23 · published 2017-05-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/71154-milk-futures-cash-cheese-lower-brownfield-ag-news
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Large cold storage stocks signal weak demand for cheese and butter, which pressures milk prices and reduces dairy producers' appetite for feed purchases.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-06-22 | [Milk futures mostly higher, cash dairy mostly lower - Brownfield Ag News](https://feedsoft.ai/events/70636-milk-futures-mostly-higher-cash-dairy-mostly-lower-brownfield-ag-news.md) | -3.1% | -5.0% |
| MILK | 2022-11-09 | [Productive cows lowering milk outlook    - Brownfield Ag News](https://feedsoft.ai/events/38836-productive-cows-lowering-milk-outlook-brownfield-ag-news.md) | +0.5% | -2.4% |
| 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 | 2020-05-05 | [Cheese, butter production up on year - Brownfield Ag News](https://feedsoft.ai/events/53131-cheese-butter-production-up-on-year-brownfield-ag-news.md) | +1.8% | +5.7% |
| MILK | 2021-06-07 | [Cheese and butter production growing - Brownfield Ag News](https://feedsoft.ai/events/46573-cheese-and-butter-production-growing-brownfield-ag-news.md) | -0.3% | -3.0% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/milk-futures-cash-cheese-lower-27/

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