# Lee Mielke: Milk production estimates raised | Capital Press

> USDA's October WASDE raised 2022 milk production by 400 million pounds to 226.9 billion and 2023 by the same amount to 229.2 billion. The 2022 Class III average was raised 25 cents to $21.90/cwt and the 2023 Class III projection to $19.80, while the Class IV forecasts also rose.

- Date: 2022-10-18 · published 2022-10-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39146-lee-mielke-milk-production-estimates-raised-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher milk output estimates are bearish for dairy prices, but raised Class III and IV projections reflect firmer cheese and butter values.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-05-23 | [USDA raises milk production estimate - Dairy Star](https://feedsoft.ai/events/19257-usda-raises-milk-production-estimate-dairy-star.md) | -0.1% | -5.4% |
| MILK | 2019-11-09 | [Milk production estimates raised in WASDE report \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/56067-milk-production-estimates-raised-in-wasde-report-market-columns-leadertelegram.md) | +1.1% | -2.9% |
| MILK | 2022-10-11 | [Lee Mielke: Benchmark loses 28 cents \| Capital Press](https://feedsoft.ai/events/39268-lee-mielke-benchmark-loses-28-cents-capital-press.md) | -0.7% | -4.7% |
| MILK | 2020-06-13 | [USDA Raises Forecasts for 2020 Milk Production - HART](https://feedsoft.ai/events/52608-usda-raises-forecasts-for-2020-milk-production-hart.md) | +2.8% | +19.2% |
| MILK | 2022-11-28 | [Western U.S. milk and cream report \| Capital Press](https://feedsoft.ai/events/8752-western-u-s-milk-and-cream-report-capital-press.md) | -3.6% | -2.4% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/10/18/lee-mielke-milk-production-estimates-raised/

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