# Mielke: Benchmark price soars $8.90 | Capital Press

> USDA announced the June Class III benchmark at $21.04/cwt, a record monthly rise of $8.90 from May. Global Dairy Trade's weighted average jumped 8.3% at its latest auction, led by whole milk powder up 14%. Class III futures for July were trading near $23.25.

- Date: 2020-07-07 · published 2020-07-07T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52275-mielke-benchmark-price-soars-8-90-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A sharp rebound in milk and global dairy prices reflects tighter supply after production cutbacks and strong demand, supporting dairy-related feed demand and milk price levels.

## 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 | 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 | 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 | 2019-07-23 | [Dairy price outlook brightens \| Capital Press](https://feedsoft.ai/events/58257-dairy-price-outlook-brightens-capital-press.md) | +0.3% | +1.2% |

## Sources

- capitalpress.com: https://capitalpress.com/2020/07/07/mielke-benchmark-price-soars-8-90/

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