# Milk price highest in 5 years | TheFencePost.com

> USDA announced the August Federal order Class III benchmark at $17.60 per hundredweight, up 5 cents from July and the highest since December 2014. The article also reports the August Class IV price at $16.74 and a July milk-to-feed price ratio of 2.16. Corn averaged $4.16 per bushel and soybeans $8.37 that month.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/57230-milk-price-highest-in-5-years-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong milk prices relative to feed improve dairy margins and can support higher demand for dairy feed ingredients. Higher corn and soybean prices partly offset that gain for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-09-08 | [Milk price jumps $3.42 \| TheFencePost.com](https://feedsoft.ai/events/34256-milk-price-jumps-3-42-thefencepost-com.md) | -1.0% | -9.3% |
| MILK | 2017-03-10 | [Mielke: Class III milk prices increase \| TheFencePost.com](https://feedsoft.ai/events/72153-mielke-class-iii-milk-prices-increase-thefencepost-com.md) | -0.9% | -4.3% |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |
| MILK | 2022-01-11 | [Milk price forecast $23, highest in eight years \| Capital Press](https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press.md) | -0.2% | +2.1% |
| MILK | 2018-05-11 | [Mielke: Milk prices slowly climbing \| TheFencePost.com](https://feedsoft.ai/events/65156-mielke-milk-prices-slowly-climbing-thefencepost-com.md) | -0.1% | +1.5% |
| CORN | 2020-12-03 | [World food price index jumps in November to almost six-year high - FAO](https://feedsoft.ai/events/5276-world-food-price-index-jumps-in-november-to-almost-six-year-high-fao.md) | +0.0% | +3.9% |
| CORN | 2019-03-21 | [Milk prices may start moving in the right direction](https://feedsoft.ai/events/60256-milk-prices-may-start-moving-in-the-right-direction.md) | -1.2% | -4.1% |
| CORN | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +0.0% | +8.8% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/milk-price-highest-in-5-years/

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