# Lee Mielke: Benchmark price sets another record | Capital Press

> The May Federal order Class III milk price was announced at a record $25.21 per cwt, and the April All Milk Price also hit a record $27.10. Futures settlements point to a June Class III price near $24.46, with prices falling to $23.53 by December.

- Date: 2022-06-07 · published 2022-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41106-lee-mielke-benchmark-price-sets-another-record-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Record milk prices and a strong income over feed cost support dairy herd economics. The futures curve signals some moderation later in the year.

## Read by commodity

- MILK: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2022/06/07/lee-mielke-benchmark-price-sets-another-record/

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