# Mielke: Production estimate rises again | Capital Press

> USDA's December WASDE raised its 2020 and 2021 US milk production forecasts for the fourth straight month on higher cow numbers. The 2021 Class III price was cut to $15.60 and the Class IV price was lowered on weaker butter prices.

- Date: 2020-12-15 · published 2020-12-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49651-mielke-production-estimate-rises-again-capital-press
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher projected milk output and lower dairy price forecasts signal weaker US dairy prices ahead, reducing the value of dairy ingredients in feed.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-17 | [Lee Mielke: Milk production estimates lowered \| Capital Press](https://feedsoft.ai/events/45573-lee-mielke-milk-production-estimates-lowered-capital-press.md) | -0.7% | +2.7% |
| 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 | 2021-06-16 | [Mielke: Milk Production Estimates Raised Again - EDairy News English](https://feedsoft.ai/events/46578-mielke-milk-production-estimates-raised-again-edairy-news-english.md) | +0.5% | -2.7% |
| MILK | 2017-07-07 | [Global milk production modestly recovering \| Capital Press](https://feedsoft.ai/events/69992-global-milk-production-modestly-recovering-capital-press.md) | -0.8% | +4.5% |

## Sources

- capitalpress.com: https://capitalpress.com/2020/12/15/mielke-production-estimate-rises-again/

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