# Lee Mielke: Milk production estimates lowered again | Capital Press

> The USDA's September WASDE cut its 2024 and 2025 US milk production forecasts by 400 million and 300 million pounds respectively. It also raised 2024 Class III and Class IV price forecasts, with Class III projected at $19.45 per cwt.

- Date: 2024-09-17 · published 2024-09-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/28317-lee-mielke-milk-production-estimates-lowered-again-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Smaller milk supplies and higher projected cheese, butter and powder prices support dairy commodity values and the cost of dairy feed ingredients.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-10-12 | [Lee Mielke: Milk production estimates lowered again \| Capital Press](https://feedsoft.ai/events/44537-lee-mielke-milk-production-estimates-lowered-again-capital-press.md) | -0.1% | +0.7% |
| MILK | 2022-03-15 | [Lee Mielke: Milk estimates lowered again \| Capital Press](https://feedsoft.ai/events/42282-lee-mielke-milk-estimates-lowered-again-capital-press.md) | -0.0% | +8.1% |
| MILK | 2022-04-12 | [Lee Mielke: Milk production estimate raised \| Capital Press](https://feedsoft.ai/events/41843-lee-mielke-milk-production-estimate-raised-capital-press.md) | +0.2% | +1.9% |
| MILK | 2016-12-12 | [Milk futures up on lower production estimates - Brownfield Ag News](https://feedsoft.ai/events/73506-milk-futures-up-on-lower-production-estimates-brownfield-ag-news.md) | +1.3% | -2.3% |
| MILK | 2022-02-08 | [Lee Mielke: Benchmark jumps $2.02 \| Capital Press](https://feedsoft.ai/events/42860-lee-mielke-benchmark-jumps-2-02-capital-press.md) | +0.1% | +9.1% |

## Sources

- capitalpress.com: https://capitalpress.com/2024/09/17/lee-mielke-milk-production-estimates-lowered-again-4/

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