# Mielke Market Weekly

> USDA set the first Class III benchmark of 2020 at $17.05 per cwt, the highest January Class III since 2014. Global Dairy Trade prices fell 4.7% at the early-February auction as traders weighed coronavirus fallout.

- Date: 2020-02-07 · published 2020-02-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54597-mielke-market-weekly
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The GDT decline and coronavirus-related caution point to softer global dairy demand, which may weigh on US milk prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- hoards.com: https://hoards.com/article-27173-mielke-market-weekly.html

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