# Mielke: Benchmark price falls 29 cents | Capital Press

> USDA announced the February 2021 Federal order Class III benchmark milk price at $15.75 per hundredweight, down 29 cents from January. The Class IV price fell to $13.19, and USDA trimmed its 2021 milk production estimate slightly while raising its Class III price forecast.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48275-mielke-benchmark-price-falls-29-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower benchmark milk prices reduce dairy producer income and can curb herd expansion, which trims future demand for feed ingredients such as DDGS and soymeal from dairy rations.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-10 | [Mielke: Benchmark price down 5 cents \| Capital Press](https://feedsoft.ai/events/54153-mielke-benchmark-price-down-5-cents-capital-press.md) | +0.4% | -14.8% |
| MILK | 2022-10-11 | [Lee Mielke: Benchmark loses 28 cents \| Capital Press](https://feedsoft.ai/events/39268-lee-mielke-benchmark-loses-28-cents-capital-press.md) | -0.7% | -4.7% |
| MILK | 2017-11-09 | [Mielke: Benchmark milk prices climb \| TheFencePost.com](https://feedsoft.ai/events/10553-mielke-benchmark-milk-prices-climb-thefencepost-com.md) | +2.1% | -5.5% |
| MILK | 2018-07-13 | [Mielke: Benchmark inches 3 cents higher \| TheFencePost.com](https://feedsoft.ai/events/64180-mielke-benchmark-inches-3-cents-higher-thefencepost-com.md) | -0.6% | +4.8% |
| MILK | 2022-10-18 | [Lee Mielke: Milk production estimates raised \| Capital Press](https://feedsoft.ai/events/39146-lee-mielke-milk-production-estimates-raised-capital-press.md) | +0.2% | -3.5% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/03/09/mielke-benchmark-price-falls-29-cents/

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