# Dairy Market Update September 2022 | MCT Dairies, Inc.

> 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.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/39724-dairy-market-update-september-2022-mct-dairies-inc
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-27 | [Fertiliser Market Update — Bartholomews](https://feedsoft.ai/events/5033-fertiliser-market-update-bartholomews.md) | -14.8% | +2.6% |
| NATGAS | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +10.0% | +8.6% |
| NATGAS | 2024-04-25 | [Mild bullish skew as northern summer approaches  - Rystad Energy’s Gas and LNG Market Update](https://feedsoft.ai/events/9867-mild-bullish-skew-as-northern-summer-approaches-rystad-energy-s-gas-and-lng.md) | +9.1% | +64.2% |
| NATGAS | 2026-04-01 | [Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply - Bloomberg](https://feedsoft.ai/events/19911-asia-lng-imports-drop-most-since-2022-as-iran-war-upends-supply-bloomberg.md) | -4.5% | -9.0% |
| NATGAS | 2024-03-25 | [Qatar outage widens US, European LNG spread to 2029 \| Latest Market News](https://feedsoft.ai/events/31400-qatar-outage-widens-us-european-lng-spread-to-2029-latest-market-news.md) | +10.0% | +8.6% |

## Sources

- mctdairies.com: https://www.mctdairies.com/dairy-markets-september-2022/

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