# Milk price benchmark falls | TheFencePost.com

> USDA announced the December Class III milk benchmark at $19.37 per cwt, down $1.08 from November's five-year high but well above December 2018. The 2019 Class III average was $16.96, and the USDA projected 2020 at $17.65.

- Date: 2020-01-10 · published 2020-01-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55246-milk-price-benchmark-falls-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A slightly lower benchmark and a higher milk-to-feed price ratio suggest steady dairy demand for feed, with prices still firm year over year.

## Read by commodity

- MILK: neutral

## Sources

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

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