# Mielke: Benchmark inches 3 cents higher | TheFencePost.com

> The USDA set the June Federal order Class III benchmark milk price at $15.21 per hundredweight, up 3 cents from May but $1.23 below June 2017. Futures settlements point to higher Class III prices through the rest of 2018, while the California Class 4b price was $14.43.

- Date: 2018-07-13 · published 2018-07-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/64180-mielke-benchmark-inches-3-cents-higher-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The benchmark is the core dairy pricing formula input, and the article notes that tariff-disrupted export markets are expected to weigh on coming months' prices.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-11-09 | [Mielke: Benchmark milk prices climb \| TheFencePost.com](https://feedsoft.ai/events/10553-mielke-benchmark-milk-prices-climb-thefencepost-com.md) | +2.1% | -5.5% |
| MILK | 2022-10-11 | [Lee Mielke: Benchmark loses 28 cents \| Capital Press](https://feedsoft.ai/events/39268-lee-mielke-benchmark-loses-28-cents-capital-press.md) | -0.7% | -4.7% |
| MILK | 2020-03-10 | [Mielke: Benchmark price down 5 cents \| Capital Press](https://feedsoft.ai/events/54153-mielke-benchmark-price-down-5-cents-capital-press.md) | +0.4% | -14.8% |
| MILK | 2021-03-09 | [Mielke: Benchmark price falls 29 cents \| Capital Press](https://feedsoft.ai/events/48275-mielke-benchmark-price-falls-29-cents-capital-press.md) | -0.1% | +6.7% |
| MILK | 2018-11-22 | [IFCN report: Higher costs, higher prices and more milk - Dairy Global](https://feedsoft.ai/events/62058-ifcn-report-higher-costs-higher-prices-and-more-milk-dairy-global.md) | -0.1% | -4.5% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/mielke-benchmark-inches-3-cents-higher/

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