# Mielke Market Weekly: October Class IV milk price is the highest October price ever

> The October 2022 Federal order Class III milk price was $21.81/cwt, and the Class IV price was $24.96/cwt, the highest October Class IV on record. Cash butter fell sharply in late October and early November, dropping to $2.61/lb before recovering slightly to $2.7725 by November 4. Class III futures pointed to November and December prices near $20.69 and $20.19/cwt.

- Date: 2022-11-16 · published 2022-11-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38706-mielke-market-weekly-october-class-iv-milk-price-is-the-highest-october-price
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Sharp spot butter losses and lower Class III futures signal near-term downward pressure on milk prices, though high Class IV levels keep the year's average elevated.

## Read by commodity

- MILK: bearish ▼

## Sources

- thelandonline.com: https://www.thelandonline.com/news/mielke-market-weekly-october-class-iv-milk-price-is-the-highest-october-price-ever/article_8b5b86cc-65e9-11ed-8e3f-d3ac01a5b9fa.html

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