# Lee Mielke: Dairy product demand weakening | Capital Press

> Dairy analyst Matt Gould says US dairy product demand is weaker than expected, citing Fed rate hikes, a slowing economy and easing supply chains. US dairy prices have fallen below world levels, making American products cheaper for international buyers.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40633-lee-mielke-dairy-product-demand-weakening-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker domestic demand and lower prices reduce dairy values and the outlook for dairy-based feed ingredients, though export buying could offer support.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-31 | [Mielke: Dairy prices hemorrhaging \| Capital Press](https://feedsoft.ai/events/4155-mielke-dairy-prices-hemorrhaging-capital-press.md) | -14.4% | -18.8% |
| MILK | 2020-04-24 | [Idaho dairymen dump milk as demand, prices fall \| Capital Press](https://feedsoft.ai/events/6502-idaho-dairymen-dump-milk-as-demand-prices-fall-capital-press.md) | -13.8% | -7.5% |
| MILK | 2020-03-25 | [COVID-19 pandemic rocks dairy markets \| Capital Press](https://feedsoft.ai/events/54272-covid-19-pandemic-rocks-dairy-markets-capital-press.md) | -0.2% | -17.5% |
| MILK | 2020-08-31 | [Uncertainty due to COVID-19 lowers dairy product demand](https://feedsoft.ai/events/51628-uncertainty-due-to-covid-19-lowers-dairy-product-demand.md) | -13.7% | -17.3% |
| MILK | 2020-12-04 | [Economist: Oversupply of milk, cheese looms in 2021 \| Capital Press](https://feedsoft.ai/events/4230-economist-oversupply-of-milk-cheese-looms-in-2021-capital-press.md) | +2.2% | -0.2% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/07/12/lee-mielke-dairy-product-demand-weakening/

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