# Benchmark highest since 2014 | TheFencePost.com

> The USDA announced the July Class III milk price at $17.55 per hundredweight, up $1.28 from June and the highest since December 2014. The July Class IV price rose to $16.90, its highest since November 2014. Futures point to Class III prices near $17.10 to $17.80 through the rest of 2019.

- Date: 2019-08-09 · published 2019-08-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/57581-benchmark-highest-since-2014-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Class III and IV prices at multi-year highs reflect firmer cheese and butter values, supporting dairy-based feed ingredient prices, though exposure to China tariffs is a downside risk.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-02-14 | [Benchmark jumps $1.72 \| TheFencePost.com](https://feedsoft.ai/events/26203-benchmark-jumps-1-72-thefencepost-com.md) | -0.5% | -8.8% |
| MILK | 2022-05-13 | [Benchmark jumps $1.97 \| TheFencePost.com](https://feedsoft.ai/events/41563-benchmark-jumps-1-97-thefencepost-com.md) | +0.7% | -2.4% |
| MILK | 2022-01-14 | [Benchmark adds 33 cents \| TheFencePost.com](https://feedsoft.ai/events/43309-benchmark-adds-33-cents-thefencepost-com.md) | -0.1% | +2.4% |
| MILK | 2024-03-07 | [Benchmark jumps 91 cents  \| TheFencePost.com](https://feedsoft.ai/events/31361-benchmark-jumps-91-cents-thefencepost-com.md) | -0.1% | -6.4% |
| MILK | 2019-09-13 | [Milk price highest in 5 years \| TheFencePost.com](https://feedsoft.ai/events/57230-milk-price-highest-in-5-years-thefencepost-com.md) | -0.3% | +1.8% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-highest-since-2014/

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