# Benchmark jumps $1.97 | TheFencePost.com

> USDA announced the April Federal order Class III milk price at $24.42 per hundredweight, up $1.97 from March and the highest since July 2020. The April Class IV price set a new record at $25.31 per cwt.

- Date: 2022-05-13 · published 2022-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41563-benchmark-jumps-1-97-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record milk prices raise farm-level dairy returns, but rising feed, fuel and fertilizer costs are eating into margins, which shapes dairy herd decisions and demand for dairy-linked feed.

## Read by commodity

- MILK: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-02-14 | [Benchmark jumps $1.72 \| TheFencePost.com](https://feedsoft.ai/events/26203-benchmark-jumps-1-72-thefencepost-com.md) | -0.5% | -8.8% |
| MILK | 2024-03-07 | [Benchmark jumps 91 cents  \| TheFencePost.com](https://feedsoft.ai/events/31361-benchmark-jumps-91-cents-thefencepost-com.md) | -0.1% | -6.4% |
| MILK | 2022-01-14 | [Benchmark adds 33 cents \| TheFencePost.com](https://feedsoft.ai/events/43309-benchmark-adds-33-cents-thefencepost-com.md) | -0.1% | +2.4% |
| MILK | 2019-08-09 | [Benchmark highest since 2014 \| TheFencePost.com](https://feedsoft.ai/events/57581-benchmark-highest-since-2014-thefencepost-com.md) | +0.6% | +2.4% |
| MILK | 2023-09-08 | [Milk price jumps $3.42 \| TheFencePost.com](https://feedsoft.ai/events/34256-milk-price-jumps-3-42-thefencepost-com.md) | -1.0% | -9.3% |
| DIESEL | 2022-07-08 | [EIA publishes 3 weeks’ worth of up-and-down diesel benchmark prices - FreightWaves](https://feedsoft.ai/events/11248-eia-publishes-3-weeks-worth-of-up-and-down-diesel-benchmark-prices-freightwaves.md) | -0.3% | -10.3% |
| DIESEL | 2018-07-19 | [Grain Transportation Report, July 19, 2018](https://feedsoft.ai/events/64205-grain-transportation-report-july-19-2018.md) | +2.9% | -0.1% |
| DIESEL | 2021-11-22 | [Diesel Dips for First Time Since September - TT](https://feedsoft.ai/events/7079-diesel-dips-for-first-time-since-september-tt.md) | -6.3% | -4.9% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-jumps-1-97/

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