# Lee Mielke: Benchmark milk price down 49 cents | Capital Press

> The October Federal Order Class III milk price came in at $22.85/cwt, down 49 cents from September but $6.01 above a year earlier. October Class IV fell $1.39 to $20.90. Class III futures point to November near $20.08 and December near $19.39.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/8626-lee-mielke-benchmark-milk-price-down-49-cents-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Class III and IV prices reduce dairy producers' income and can slow culling and feed purchases, though a forecast milk production rebound could keep pressure on dairy product prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-05-07 | [Lee Mielke: Benchmark drops 84 cents \| Capital Press](https://feedsoft.ai/events/7591-lee-mielke-benchmark-drops-84-cents-capital-press.md) | +1.5% | +1.1% |
| MILK | 2021-07-06 | [Mielke: Benchmark price falls $1.75 \| Capital Press](https://feedsoft.ai/events/46070-mielke-benchmark-price-falls-1-75-capital-press.md) | +0.6% | -2.0% |
| MILK | 2023-01-17 | [Lee Mielke: Milk estimates lowered \| Capital Press](https://feedsoft.ai/events/37784-lee-mielke-milk-estimates-lowered-capital-press.md) | +0.1% | -7.8% |
| MILK | 2021-08-17 | [Lee Mielke: Milk production estimates lowered \| Capital Press](https://feedsoft.ai/events/45573-lee-mielke-milk-production-estimates-lowered-capital-press.md) | -0.7% | +2.7% |
| 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% |

## Sources

- capitalpress.com: https://capitalpress.com/2024/11/05/lee-mielke-benchmark-milk-price-down-49-cents/

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