# Lee Mielke: Benchmark falls 80 cents | Capital Press

> The November Class III benchmark was $21.01 per hundredweight, down 80 cents from October. The Class IV price fell $1.66 to $23.30, its lowest since January. Cheese output rose to 1.167 billion pounds, with cheddar and mozzarella leading gains.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38262-lee-mielke-benchmark-falls-80-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Rising cheese output and falling benchmark prices show that extra milk supply is being absorbed by cheese production, which weighs on milk values.

## Read by commodity

- MILK: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2022/12/06/lee-mielke-benchmark-falls-80-cents/

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