# Lee Mielke: Benchmark price up $1.99 | Capital Press

> The October Federal order Class III milk benchmark was announced at $21.81/cwt, up $1.99 from September and the highest October Class III price since 2014. Cash butter fell sharply in late October, dropping to $2.61/lb before recovering to about $2.77.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38837-lee-mielke-benchmark-price-up-1-99-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Strong milk prices and volatile butter support dairy margins and herd economics, which can sustain dairy feed demand, while the butter selloff signals softer dairy product demand.

## Read by commodity

- MILK: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2022/11/08/lee-mielke-benchmark-price-up-1-99/

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