# Milk price down slightly from May but still highest since November 2017 | Dairy | leadertelegram.com

> USDA set the June federal order Class III benchmark at $16.27 per hundredweight, down 11 cents from May but the highest since November 2017. The Class IV price rose to $16.83. In the Global Dairy Trade auction, the weighted average index slipped 0.4% after three larger declines.

- Date: 2019-07-05 · published 2019-07-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4202-milk-price-down-slightly-from-may-but-still-highest-since-november-2017-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Official dairy price benchmarks anchor farm milk income and feed budgets. A slowing decline at GDT suggests global dairy prices may be stabilizing.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-08-21 | [U.S. milk production may have been overestimated \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/69448-u-s-milk-production-may-have-been-overestimated-dairy-leadertelegram-com.md) | -0.1% | -1.5% |
| MILK | 2020-01-13 | [November Dairy Products report reveals destination of milk output \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55249-november-dairy-products-report-reveals-destination-of-milk-output-market.md) | -0.1% | +0.1% |
| MILK | 2019-12-09 | [Class III benchmark milk price peaks \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55732-class-iii-benchmark-milk-price-peaks-market-columns-leadertelegram-com.md) | -0.8% | -12.5% |
| MILK | 2022-01-14 | [December FMMO uniform prices are highest since 2014 - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/43145-december-fmmo-uniform-prices-are-highest-since-2014-progressive-dairy-ag-proud.md) | -0.1% | +2.4% |
| MILK | 2017-07-05 | [Class III price rebounds for June Dairy Month, up 87 cents \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/70114-class-iii-price-rebounds-for-june-dairy-month-up-87-cents-dairy-leadertelegram.md) | -0.1% | -1.1% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/farm/dairy/milk-price-down-slightly-from-may-but-still-highest-since-november-2017/article_78f3723b-f0c0-5d05-9eac-4d27c76d5761.html

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