# Lee Mielke: Benchmark jumps $2.02 | Capital Press

> USDA announced the first 2022 Class III milk price at $20.38/cwt for January, up $2.02 from December and the highest since November 2020. Class IV for January rose to $23.09/cwt. U.S. cheese output in December rose 3% from November.

- Date: 2022-02-08 · published 2022-02-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/42860-lee-mielke-benchmark-jumps-2-02-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III and IV prices lift dairy-cow feed-demand expectations and signal firmer milk values, which support dairy producers' ability to buy feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-05-07 | [Lee Mielke: Benchmark price up 92 cents \| Capital Press](https://feedsoft.ai/events/59084-lee-mielke-benchmark-price-up-92-cents-capital-press.md) | -1.2% | -0.7% |
| MILK | 2021-10-05 | [Lee Mielke: Benchmark price up 58 cents \| Capital Press](https://feedsoft.ai/events/44539-lee-mielke-benchmark-price-up-58-cents-capital-press.md) | -1.5% | -2.0% |
| MILK | 2020-07-07 | [Mielke: Benchmark price soars $8.90 \| Capital Press](https://feedsoft.ai/events/52275-mielke-benchmark-price-soars-8-90-capital-press.md) | +4.7% | +5.5% |
| MILK | 2022-03-15 | [Lee Mielke: Milk estimates lowered again \| Capital Press](https://feedsoft.ai/events/42282-lee-mielke-milk-estimates-lowered-again-capital-press.md) | -0.0% | +8.1% |
| MILK | 2022-04-12 | [Lee Mielke: Milk production estimate raised \| Capital Press](https://feedsoft.ai/events/41843-lee-mielke-milk-production-estimate-raised-capital-press.md) | +0.2% | +1.9% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/02/08/lee-mielke-benchmark-jumps-2-02/

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