# Lee Mielke: Milk estimates lowered again | Capital Press

> USDA's March WASDE lowered its 2022 US milk production estimate to 226.0 billion pounds, down 0.1% from 2021, citing fewer cows and slower per-cow growth. The agency raised cheese, butter, nonfat dry milk and whey price forecasts and lifted the 2022 Class III and Class IV milk price projections.

- Date: 2022-03-15 · published 2022-03-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/42282-lee-mielke-milk-estimates-lowered-again-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter expected milk supply and higher product price forecasts point to firmer Class III and IV milk prices, which affects dairy feed demand and feed-buyer costs.

## 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 | 2024-09-17 | [Lee Mielke: Milk production estimates lowered again \| Capital Press](https://feedsoft.ai/events/28317-lee-mielke-milk-production-estimates-lowered-again-capital-press.md) | +0.6% | -3.0% |
| 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 | 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% |
| MILK | 2019-05-07 | [Lee Mielke: Benchmark price up 92 cents \| Capital Press](https://feedsoft.ai/events/59084-lee-mielke-benchmark-price-up-92-cents-capital-press.md) | -1.2% | -0.7% |

## Sources

- capitalpress.com: https://capitalpress.com/2022/03/15/lee-mielke-milk-estimates-lowered-again/

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