# Lee Mielke: Benchmark milk price up 31 cents | Capital Press

> The November Federal order Class III milk price was announced at $17.15 per hundredweight, up 31 cents from October but well below November 2022. Class III futures pointed to a December price near $16.16, and the Class IV price was $20.87.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32708-lee-mielke-benchmark-milk-price-up-31-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Futures settlements suggest further softening in Class III prices for December, which signals ongoing pressure on dairy farm margins.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2023/12/05/lee-mielke-benchmark-milk-price-up-31-cents/

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