# Mielke Market Weekly

> Hoard's Dairyman's weekly market report repeats USDA's February WASDE milk forecasts, with 2020 production unchanged at 222.0 billion pounds and lower cheese and butter prices. It also cites Class III futures near $17.41 for 2020.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54593-mielke-market-weekly
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Confirmed lower cheese and butter forecasts point to softer milk prices, which may reduce dairy herd feed purchasing power.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-03-20 | [Mielke Market Weekly](https://feedsoft.ai/events/54154-mielke-market-weekly.md) | -0.2% | -17.6% |
| MILK | 2026-06-25 | [Mielke Market Weekly: Milk production estimates raised in latest WASDE report \| News \| thelandonline.com](https://feedsoft.ai/events/18811-mielke-market-weekly-milk-production-estimates-raised-in-latest-wasde-report.md) | -3.4% | -1.6% |
| MILK | 2017-07-14 | [Signs of Milk Market Hope](https://feedsoft.ai/events/70117-signs-of-milk-market-hope.md) | -0.5% | +5.1% |
| MILK | 2017-07-19 | [Weekly Digest: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/69995-weekly-digest-less-milk-forecast-ag-proud.md) | -0.6% | +5.4% |
| MILK | 2024-05-25 | [What's Driving The Milk Market? - Mid-West Farm Report](https://feedsoft.ai/events/30439-what-s-driving-the-milk-market-mid-west-farm-report.md) | +0.4% | +7.0% |

## Sources

- hoards.com: https://hoards.com/article-27209-mielke-market-weekly.html

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