# Benchmark milk price plummets | TheFencePost.com

> USDA put the December Class III milk price at $15.72 per hundredweight, down $7.62 from November and the lowest since May. The 2020 Class III average was $18.16, and the December Class IV price fell to its lowest since 2008.

- Date: 2021-01-08 · published 2021-01-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49313-benchmark-milk-price-plummets-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weak December prices signal softer milk and dairy-ingredient demand heading into 2021. Lower milk values can reduce farm-level spending on feed.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2025-11-19 | [Benchmark drops 68 cents \| TheFencePost.com](https://feedsoft.ai/events/22109-benchmark-drops-68-cents-thefencepost-com.md) | -0.2% | -8.1% |
| MILK | 2022-09-09 | [Benchmark drops $2.42 \| TheFencePost.com](https://feedsoft.ai/events/39723-benchmark-drops-2-42-thefencepost-com.md) | +0.2% | +11.7% |
| MILK | 2022-08-12 | [Benchmark drops $1.81 \| TheFencePost.com](https://feedsoft.ai/events/40201-benchmark-drops-1-81-thefencepost-com.md) | -0.2% | -1.7% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-milk-price-plummets/

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