# Mielke: Benchmark at 5-year high | Capital Press

> The October Federal order Class III benchmark milk price reached $18.72 per hundredweight, a five-year high and up $3.19 from October 2018. Cash block cheddar and barrel prices also rose, and Class III futures pointed to higher November and December prices.

- Date: 2019-11-06 · published 2019-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10243-mielke-benchmark-at-5-year-high-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong Class III and cash dairy prices signal improving farm milk returns, which can support dairy herd size and demand for dairy feed.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2019/11/06/mielke-benchmark-at-5-year-high/

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