# Lee Mielke: Benchmark loses 28 cents | Capital Press

> The September Federal order Class III milk price came in at $19.82 per cwt, down 28 cents from August, and the Class IV price was $24.63. CME butter set a record high the prior week before easing, and Class III futures pointed to higher October through December prices.

- Date: 2022-10-11 · published 2022-10-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/39268-lee-mielke-benchmark-loses-28-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Divergent Class III and Class IV pricing and record butter reflect tight butter supply, while cheese-led Class III weakness constrains dairy income and feed demand.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-03-09 | [Mielke: Benchmark price falls 29 cents \| Capital Press](https://feedsoft.ai/events/48275-mielke-benchmark-price-falls-29-cents-capital-press.md) | -0.1% | +6.7% |
| MILK | 2020-03-10 | [Mielke: Benchmark price down 5 cents \| Capital Press](https://feedsoft.ai/events/54153-mielke-benchmark-price-down-5-cents-capital-press.md) | +0.4% | -14.8% |
| MILK | 2022-10-18 | [Lee Mielke: Milk production estimates raised \| Capital Press](https://feedsoft.ai/events/39146-lee-mielke-milk-production-estimates-raised-capital-press.md) | +0.2% | -3.5% |
| MILK | 2018-07-13 | [Mielke: Benchmark inches 3 cents higher \| TheFencePost.com](https://feedsoft.ai/events/64180-mielke-benchmark-inches-3-cents-higher-thefencepost-com.md) | -0.6% | +4.8% |
| MILK | 2017-11-09 | [Mielke: Benchmark milk prices climb \| TheFencePost.com](https://feedsoft.ai/events/10553-mielke-benchmark-milk-prices-climb-thefencepost-com.md) | +2.1% | -5.5% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/10/11/lee-mielke-benchmark-loses-28-cents/

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