# Lee Mielke: Benchmark price up 58 cents | Capital Press

> The USDA announced the September Federal order Class III benchmark at $16.53 per hundredweight, up 58 cents from August. Class IV rose 44 cents to $16.36, and August cheese output was 4.4% above a year earlier.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44539-lee-mielke-benchmark-price-up-58-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher Class III and IV benchmarks and futures pointing to higher October prices support milk income, while steady cheese output keeps dairy processing demand firm.

## 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 | 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 | 2022-02-08 | [Lee Mielke: Benchmark jumps $2.02 \| Capital Press](https://feedsoft.ai/events/42860-lee-mielke-benchmark-jumps-2-02-capital-press.md) | +0.1% | +9.1% |
| MILK | 2021-04-07 | [Benchmark Price Up 40 Cents - EDairy News English](https://feedsoft.ai/events/47765-benchmark-price-up-40-cents-edairy-news-english.md) | +0.9% | +1.1% |
| 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% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/10/05/lee-mielke-benchmark-price-up-58-cents/

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