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The current Internet is based on host-centric networking, and a user needs to know the host address before reaching a data target in the network. The new architecture of information-centric networking (ICN) facilitates users to locate data targets by giving their data names without any information about host addresses. In-network caching is one of the prominent features in ICN, which allows network routers to cache data contents. In this paper, we emphasize the management of in-network cache storage, and this includes the mechanisms of cache replacement and cache replication. A new cost function is then proposed to evaluate each cache content and the least valuable content is evicted when cache is full. To increase cache utilization, a cooperative caching policy among neighboring routers is proposed. The proper network locations to cache data contents are also discussed in the paper. Experimental results show the superiority of the proposed caching policy than some traditional caching polices.