# Benchmark drops 88 cents | TheFencePost.com

> USDA announced the October Federal order Class III milk price at $15.16 per hundredweight, down 88 cents from September and the lowest Class III since February. The Class IV price rose $1.60 to $20.54, its highest since June.

- Date: 2026-11-13 · published 2026-11-13T18:09:01.627Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/98094-benchmark-drops-88-cents-thefencepost-com
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A weaker Class III price reflects softer cheese-driven milk demand and bearish production data, which tends to weigh on dairy ingredient and feed demand. Feed costs eased alongside milk prices, leaving dairy margins roughly flat.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-11-19 | [Benchmark drops 68 cents \| TheFencePost.com](https://feedsoft.ai/events/22109-benchmark-drops-68-cents-thefencepost-com.md) | -0.2% | -8.1% |
| 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 | 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 | 2025-12-15 | [Benchmark creeps up 27 cents \| TheFencePost.com](https://feedsoft.ai/events/21663-benchmark-creeps-up-27-cents-thefencepost-com.md) | -0.8% | -7.0% |
| MILK | 2018-12-14 | [Benchmark milk price drops $1.09 \| TheFencePost.com](https://feedsoft.ai/events/61716-benchmark-milk-price-drops-1-09-thefencepost-com.md) | +0.5% | +2.2% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/benchmark-drops-88-cents/

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