# Benchmark milk price drops $1.09 | TheFencePost.com

> The USDA announced the November Federal order Class III milk benchmark at $14.44 per cwt, down $1.09 from October and $2.44 below November 2017. It is the lowest Class III price since July 2018 and the lowest November price since 2009. California producers received their first Federal order Class III and IV prices.

- Date: 2018-12-14 · published 2018-12-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/61716-benchmark-milk-price-drops-1-09-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Falling Class III prices reduce dairy producers' margins and signal weak demand for milk components, which can pressure dairy-based feed demand and sentiment. Futures pointed to further weakness into December.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-08-12 | [Benchmark drops $1.81 \| TheFencePost.com](https://feedsoft.ai/events/40201-benchmark-drops-1-81-thefencepost-com.md) | -0.2% | -1.7% |
| MILK | 2021-01-08 | [Benchmark milk price plummets \| TheFencePost.com](https://feedsoft.ai/events/49313-benchmark-milk-price-plummets-thefencepost-com.md) | -3.7% | -7.2% |
| MILK | 2020-02-14 | [Benchmark milk price falls $2.32 \| TheFencePost.com](https://feedsoft.ai/events/54735-benchmark-milk-price-falls-2-32-thefencepost-com.md) | 0.0% | -3.9% |
| MILK | 2022-09-09 | [Benchmark drops $2.42 \| TheFencePost.com](https://feedsoft.ai/events/39723-benchmark-drops-2-42-thefencepost-com.md) | +0.2% | +11.7% |
| MILK | 2023-03-10 | [Benchmark Drops $1.65 By Lee Mielke \| TheFencePost.com](https://feedsoft.ai/events/37017-benchmark-drops-1-65-by-lee-mielke-thefencepost-com.md) | +1.4% | +5.2% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-milk-price-drops-1-09/

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