# Lee Mielke: Milk estimates lowered | Capital Press

> USDA lowered its 2022 and 2023 US milk production forecasts in the January 12 WASDE, citing lower milk per cow and a smaller 2023 herd. Cheese, butter and nonfat dry milk price projections for 2023 were also reduced.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37784-lee-mielke-milk-estimates-lowered-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower USDA production and price forecasts signal softer dairy product values and slightly tighter milk supply, affecting dairy-sector feed demand.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-11-15 | [Lee Mielke: Production estimate raised again \| Capital Press](https://feedsoft.ai/events/38704-lee-mielke-production-estimate-raised-again-capital-press.md) | +0.1% | -2.2% |
| MILK | 2020-12-15 | [Mielke: Production estimate rises again \| Capital Press](https://feedsoft.ai/events/49651-mielke-production-estimate-rises-again-capital-press.md) | -0.9% | +3.0% |
| MILK | 2024-11-05 | [Lee Mielke: Benchmark milk price down 49 cents \| Capital Press](https://feedsoft.ai/events/8626-lee-mielke-benchmark-milk-price-down-49-cents-capital-press.md) | -0.5% | -1.1% |
| 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% |

## Sources

- capitalpress.com: https://capitalpress.com/2023/01/17/lee-mielke-milk-estimates-lowered/

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