# Lee Mielke: Milk production estimates lowered | Capital Press

> USDA's August WASDE lowered 2021 and 2022 US milk production estimates by 100 million and 400 million pounds on fewer dairy cows. Class III and IV price forecasts for both years were cut, with 2021 Class III at $16.55 per cwt and 2022 at $16.16.

- Date: 2021-08-17 · published 2021-08-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/45573-lee-mielke-milk-production-estimates-lowered-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Reduced price forecasts across cheese, butter and whey signal softer milk values ahead, which weakens dairy-linked feed demand despite the small production cut.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-01-17 | [Lee Mielke: Milk estimates lowered \| Capital Press](https://feedsoft.ai/events/37784-lee-mielke-milk-estimates-lowered-capital-press.md) | +0.1% | -7.8% |
| MILK | 2022-11-15 | [Lee Mielke: Production estimate raised again \| Capital Press](https://feedsoft.ai/events/38704-lee-mielke-production-estimate-raised-again-capital-press.md) | +0.1% | -2.2% |
| MILK | 2020-12-15 | [Mielke: Production estimate rises again \| Capital Press](https://feedsoft.ai/events/49651-mielke-production-estimate-rises-again-capital-press.md) | -0.9% | +3.0% |
| MILK | 2023-04-12 | [High production, low demand likely to depress milk prices \| Capital Press](https://feedsoft.ai/events/36564-high-production-low-demand-likely-to-depress-milk-prices-capital-press.md) | +0.1% | -11.9% |
| MILK | 2021-05-20 | [Mielke: 2021 Milk Production Estimates Raised - EDairy News English](https://feedsoft.ai/events/47111-mielke-2021-milk-production-estimates-raised-edairy-news-english.md) | 0.0% | -8.7% |

## Sources

- capitalpress.com: https://capitalpress.com/2021/08/17/lee-mielke-milk-production-estimates-lowered/

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