# Mielke: Benchmark milk prices climb | TheFencePost.com

> The October Class III milk price rose to $16.69 per hundredweight, up 33 cents from September and $1.87 above a year earlier, the highest since February 2017. Class III futures pointed to a downward trend, with no contract above $16 until August 2018.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10553-mielke-benchmark-milk-prices-climb-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher benchmark milk prices lift returns for dairy producers, but weakening futures suggest dairy-based feed demand and milk values may ease into 2018.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-11-09 | 1 | +1.5% | 3.4 | The October Class III price announcement on Nov 9 showed a rise to $16.69, the highest since February, which supports sentiment and spot-linked pricing, though futures signaled a downward trend. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-07-13 | [Mielke: Benchmark inches 3 cents higher \| TheFencePost.com](https://feedsoft.ai/events/64180-mielke-benchmark-inches-3-cents-higher-thefencepost-com.md) | -0.6% | +4.8% |
| MILK | 2020-03-10 | [Mielke: Benchmark price down 5 cents \| Capital Press](https://feedsoft.ai/events/54153-mielke-benchmark-price-down-5-cents-capital-press.md) | +0.4% | -14.8% |
| MILK | 2021-03-09 | [Mielke: Benchmark price falls 29 cents \| Capital Press](https://feedsoft.ai/events/48275-mielke-benchmark-price-falls-29-cents-capital-press.md) | -0.1% | +6.7% |
| MILK | 2022-10-11 | [Lee Mielke: Benchmark loses 28 cents \| Capital Press](https://feedsoft.ai/events/39268-lee-mielke-benchmark-loses-28-cents-capital-press.md) | -0.7% | -4.7% |
| MILK | 2018-09-12 | [Mielke Market: Milk price up to $14.95 \| News \| lyndentribune.com](https://feedsoft.ai/events/63187-mielke-market-milk-price-up-to-14-95-news-lyndentribune-com.md) | +0.1% | -1.9% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/mielke-benchmark-milk-prices-climb-2/

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