# Class III benchmark milk price peaks | Market Columns | leadertelegram.com

> The USDA announced the November Federal order Class III benchmark milk price at $20.45 per hundredweight, up $1.73 from October and the highest since October 2014. The Class IV price rose to $16.60, and the GDT auction ended five sessions of gains with a 0.5% dip.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55732-class-iii-benchmark-milk-price-peaks-market-columns-leadertelegram-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A Class III reading at its highest since 2014 signals tight US milk supply relative to demand and lifts farm milk income, which supports dairy cow feed demand. The year's peak in this benchmark sets a firm backdrop for dairy margins heading into 2020.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-09-23 | [U.S. milk production remains just above last year \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/57058-u-s-milk-production-remains-just-above-last-year-market-columns-leadertelegram.md) | +0.1% | +2.0% |
| MILK | 2017-07-05 | [Class III price rebounds for June Dairy Month, up 87 cents \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/70114-class-iii-price-rebounds-for-june-dairy-month-up-87-cents-dairy-leadertelegram.md) | -0.1% | -1.1% |
| MILK | 2020-01-13 | [November Dairy Products report reveals destination of milk output \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/55249-november-dairy-products-report-reveals-destination-of-milk-output-market.md) | -0.1% | +0.1% |
| MILK | 2019-12-02 | [October Cold Storage report shows butter, American cheese stocks slip \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/6372-october-cold-storage-report-shows-butter-american-cheese-stocks-slip-market.md) | -4.0% | -5.1% |
| MILK | 2017-08-21 | [U.S. milk production may have been overestimated \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/69448-u-s-milk-production-may-have-been-overestimated-dairy-leadertelegram-com.md) | -0.1% | -1.5% |

## Sources

- leadertelegram.com: https://www.leadertelegram.com/country-today/markets/market-columns/class-iii-benchmark-milk-price-peaks/article_9b05e45c-46c6-53cd-a502-3472c8d910b3.html

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