# Mielke: Benchmark price falls $1.75 | Capital Press

> The USDA set the June Class III milk price at $17.21 per cwt, down $1.75 from May, and the Class IV price at $16.35, up 19 cents. May cheese output was 1.156 billion pounds, up 1.8% from April and 5.0% above a year earlier.

- Date: 2021-07-06 · published 2021-07-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/46070-mielke-benchmark-price-falls-1-75-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A falling Class III price and rising cheese output signal weaker milk values, which limits dairy demand for feed ingredients.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-11-05 | [Lee Mielke: Benchmark milk price down 49 cents \| Capital Press](https://feedsoft.ai/events/8626-lee-mielke-benchmark-milk-price-down-49-cents-capital-press.md) | -0.5% | -1.1% |
| MILK | 2024-05-07 | [Lee Mielke: Benchmark drops 84 cents \| Capital Press](https://feedsoft.ai/events/7591-lee-mielke-benchmark-drops-84-cents-capital-press.md) | +1.5% | +1.1% |
| MILK | 2020-02-14 | [Benchmark milk price falls $2.32 \| TheFencePost.com](https://feedsoft.ai/events/54735-benchmark-milk-price-falls-2-32-thefencepost-com.md) | 0.0% | -3.9% |
| MILK | 2023-01-17 | [Lee Mielke: Milk estimates lowered \| Capital Press](https://feedsoft.ai/events/37784-lee-mielke-milk-estimates-lowered-capital-press.md) | +0.1% | -7.8% |
| MILK | 2018-12-14 | [Benchmark milk price drops $1.09 \| TheFencePost.com](https://feedsoft.ai/events/61716-benchmark-milk-price-drops-1-09-thefencepost-com.md) | +0.5% | +2.2% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/07/06/mielke-benchmark-price-falls-1-75/

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