# Class III benchmark milk price of 2023 turns south - Dairy Star

> The USDA set the federal order Class III milk price for December at $16.04 per hundredweight, down $1.11 from November and the lowest since July. The 2023 Class III average finished at $17.02, versus $21.96 in 2022. Class IV for December fell to $19.23.

- Date: 2024-01-13 · published 2024-01-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32263-class-iii-benchmark-milk-price-of-2023-turns-south-dairy-star
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower cheese-driven Class III prices reduce dairy-sector income and dampen demand for dairy-based feed ingredients, while expected weaker milk output in the US, Europe and globally could support a modest recovery in the first half of 2024.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairystar.com: https://dairystar.com/stories/class-iii-benchmark-milk-price-of-2023-turns-south,22658

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