# Milk production estimates remain unchanged for first time in 6 months

> The USDA's January 12 WASDE left 2021 and 2022 U.S. milk production estimates unchanged after six months of cuts. Cheese, butter, nonfat dry milk and whey price forecasts were raised, and Class III and IV milk price averages were lifted for 2022.

- Date: 2022-01-26 · published 2022-01-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43136-milk-production-estimates-remain-unchanged-for-first-time-in-6-months
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher projected dairy product and milk prices signal firm demand for dairy and limited milk supply, supporting dairy feed demand and milk price levels.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-17 | [USDA Raises All-Milk Price for the First Time in Months - Dairy Herd](https://feedsoft.ai/events/34587-usda-raises-all-milk-price-for-the-first-time-in-months-dairy-herd.md) | -0.6% | +6.1% |
| 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 | 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 | 2022-04-12 | [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% |
| CORN | 2020-11-27 | [Grain: global production estimates sharply revised - Mundus Agri](https://feedsoft.ai/events/50011-grain-global-production-estimates-sharply-revised-mundus-agri.md) | +0.1% | -0.9% |
| CORN | 2024-01-15 | [USDA milk production, price outlooks remain stagnant \| Ag Proud](https://feedsoft.ai/events/32119-usda-milk-production-price-outlooks-remain-stagnant-ag-proud.md) | +0.8% | -4.7% |
| CORN | 2023-08-28 | [2022/23 Brazil Corn Estimate Unchanged at 133.0 Million Tons](https://feedsoft.ai/events/13629-2022-23-brazil-corn-estimate-unchanged-at-133-0-million-tons.md) | -1.3% | -8.5% |

## Sources

- farmersadvance.com: https://www.farmersadvance.com/story/news/2022/01/26/milk-production-estimates-remain-unchanged-first-time-6-months/6613003001/

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