# World milk supplies 'to stay tight', as output falls for first time in 18 years - Grain Price News

> USDA cut its 2022 global milk production forecast by 3.38 million tonnes to 442.7 million tonnes, the first annual decline since 2004. The cut reflects heat-related losses in the EU, where the forecast was lowered by 4.45 million tonnes to a five-year low of 142.3 million tonnes. Argentina's production was also trimmed as feed costs squeezed margins.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40491-world-milk-supplies-to-stay-tight-as-output-falls-for-first-time-in-18-years
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A first global milk output decline in 18 years, led by the EU, tightens dairy supplies and supports higher prices for dairy products and dairy-based feed inputs.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-08-17 | [USDA Raises All-Milk Price for the First Time in Months - Dairy Herd](https://feedsoft.ai/events/34587-usda-raises-all-milk-price-for-the-first-time-in-months-dairy-herd.md) | -0.6% | +6.1% |
| MILK | 2022-01-11 | [Milk price forecast $23, highest in eight years \| Capital Press](https://feedsoft.ai/events/43138-milk-price-forecast-23-highest-in-eight-years-capital-press.md) | -0.2% | +2.1% |
| MILK | 2020-01-01 | [Will higher milk prices make up for years of farmers' struggles?](https://feedsoft.ai/events/4656-will-higher-milk-prices-make-up-for-years-of-farmers-struggles.md) | -12.0% | -11.7% |
| MILK | 2022-06-02 | [Milk prices strong for now - Morrow County Grain Growers](https://feedsoft.ai/events/6233-milk-prices-strong-for-now-morrow-county-grain-growers.md) | -3.6% | -10.6% |
| MILK | 2024-10-12 | [Class III milk price highest in more than 2 years - Dairy Star](https://feedsoft.ai/events/28017-class-iii-milk-price-highest-in-more-than-2-years-dairy-star.md) | +1.0% | -11.1% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/07/22/world-milk-supplies-to-stay-tight-as-output-falls-for-first-time-in-18-years/

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