# Benchmark jumps 91 cents  | TheFencePost.com

> The federal order Class III milk price for February was announced at $16.08 per hundredweight, up 91 cents from January but $1.70 below a year earlier. Butter and cheese inventory data from USDA showed mixed changes, with butter stocks up sharply from December. Futures for the rest of 2024 were quoted in the $16.77 to $18.71 range.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31361-benchmark-jumps-91-cents-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The modest monthly gain reverses a two-month slide, but prices remain below breakeven for many US farms, which can limit herd expansion and dairy feed demand. The rise is small and does not yet signal a sustained price trend.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-05-13 | [Benchmark jumps $1.97 \| TheFencePost.com](https://feedsoft.ai/events/41563-benchmark-jumps-1-97-thefencepost-com.md) | +0.7% | -2.4% |
| MILK | 2025-02-14 | [Benchmark jumps $1.72 \| TheFencePost.com](https://feedsoft.ai/events/26203-benchmark-jumps-1-72-thefencepost-com.md) | -0.5% | -8.8% |
| MILK | 2022-01-14 | [Benchmark adds 33 cents \| TheFencePost.com](https://feedsoft.ai/events/43309-benchmark-adds-33-cents-thefencepost-com.md) | -0.1% | +2.4% |
| MILK | 2019-08-09 | [Benchmark highest since 2014 \| TheFencePost.com](https://feedsoft.ai/events/57581-benchmark-highest-since-2014-thefencepost-com.md) | +0.6% | +2.4% |
| MILK | 2023-09-08 | [Milk price jumps $3.42 \| TheFencePost.com](https://feedsoft.ai/events/34256-milk-price-jumps-3-42-thefencepost-com.md) | -1.0% | -9.3% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-jumps-91-cents/

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