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The EU began an austerity program requesting a 15% cut in natural gas purchases to build storage ahead of winter, with some countries also restricting public-space heating and cooling. Russia has sharply reduced gas flows to Europe, and U.S. Henry Hub prices hit their highest since 2008 in August at $8.81/MMBtu.
High European and US energy costs raise dairy and feed processing expenses and can shift demand toward cheaper feed ingredients, while energy-driven cost pressure supports broader commodity prices.
mctdairies.comSep 30, 2022After 136 past bullish geopolitics events, NATGAS moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
After 293 past neutral events of any kind, MILK moved a median -0.1% over 5 sessions (44% higher; middle half -0.8% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
