# Lee Mielke: Benchmark milk price jumps $2.68 | Capital Press

> The September Class III milk price was announced at $23.34/cwt, up $2.68 from August and the highest since June 2022. The September Class IV price rose to $22.29, and futures point to lower Class III prices for October through December.

- Date: 2024-10-08 · published 2024-10-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27866-lee-mielke-benchmark-milk-price-jumps-2-68-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Futures implying a decline from September's peak suggest milk prices are easing into late 2024, reducing dairy-based feed ingredient values.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2024/10/08/lee-mielke-benchmark-milk-price-jumps-2-68/

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