# Mielke: Class III milk prices increase | TheFencePost.com

> USDA set the February Federal order Class III benchmark at $16.88 per hundredweight, up 11 cents from January and the highest February price since 2014. The Class IV price was $15.59 and the cheese average was $1.6871 per pound.

- Date: 2017-03-10 · published 2017-03-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72153-mielke-class-iii-milk-prices-increase-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A higher Class III benchmark lifts milk value and farm margins, which can support dairy cow numbers and demand for dairy-based feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| MILK | 2016-12-15 | [Mielke: Milk Prices split, cheese prices mostly down \| TheFencePost.com](https://feedsoft.ai/events/73620-mielke-milk-prices-split-cheese-prices-mostly-down-thefencepost-com.md) | +0.3% | -2.6% |
| 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 | 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% |
| MILK | 2021-12-22 | [The 2021 Class III milk price forecast was raised](https://feedsoft.ai/events/43591-the-2021-class-iii-milk-price-forecast-was-raised.md) | -0.3% | +9.6% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/mielke-class-iii-milk-prices-increase/

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