# Lee Mielke: Milk production estimates lowered again | Capital Press

> USDA's October WASDE lowered its 2021 U.S. milk production estimate for the fourth consecutive month, citing fewer dairy cows and lower output per cow. The 2022 production estimate was also cut, and cheese, nonfat dry milk and whey price forecasts were raised.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44537-lee-mielke-milk-production-estimates-lowered-again-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tighter milk supplies and higher dairy product price forecasts point to firmer milk prices, while lower dairy output reduces byproduct supply such as whey for feed.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-03-15 | [Lee Mielke: Milk estimates lowered again \| Capital Press](https://feedsoft.ai/events/42282-lee-mielke-milk-estimates-lowered-again-capital-press.md) | -0.0% | +8.1% |
| 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% |
| 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% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/10/12/lee-mielke-milk-production-estimates-lowered-again-2/

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