# Dairy outlook bullish through 2022

> AgResource analyst Ben Buckner says butter and cheese markets are approaching record highs and that the war in Ukraine is disrupting feed grain, energy and vegetable oil flows. He expects US dairy exports to set records in 2022 as foreign milk output lags.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42286-dairy-outlook-bullish-through-2022
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Feed and energy disruption from the Ukraine war raises dairy production costs while strong export demand supports milk prices, tightening the feed-to-milk balance.

## Read by commodity

- CORN: bullish ▲
- MILK: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-03-18 | [The Commodity Boom Thunders Through Feed And Dairy Markets - EDairy News English](https://feedsoft.ai/events/42418-the-commodity-boom-thunders-through-feed-and-dairy-markets-edairy-news-english.md) | +0.1% | +8.7% |
| MILK | 2017-11-08 | [Rising oil markets should boost dairy prices -  Premium](https://feedsoft.ai/events/10557-rising-oil-markets-should-boost-dairy-prices-premium.md) | +2.1% | -5.8% |
| MILK | 2022-03-01 | [Dairy price rally continues, GDT index up 5.1pc to record - NZ Herald](https://feedsoft.ai/events/8438-dairy-price-rally-continues-gdt-index-up-5-1pc-to-record-nz-herald.md) | +8.1% | +7.1% |
| CORN | 2022-03-18 | [The Commodity Boom Thunders Through Feed And Dairy Markets - EDairy News English](https://feedsoft.ai/events/42418-the-commodity-boom-thunders-through-feed-and-dairy-markets-edairy-news-english.md) | +0.0% | +6.2% |
| CORN | 2022-02-28 | [Balancing the outlook for agriculture \| ANZ](https://feedsoft.ai/events/42660-balancing-the-outlook-for-agriculture-anz.md) | +10.4% | +14.4% |
| CORN | 2022-05-16 | [EU grain outlook \| Miller Magazine](https://feedsoft.ai/events/41359-eu-grain-outlook-miller-magazine.md) | +0.1% | +0.3% |
| CORN | 2022-03-18 | [Black Sea conflict adds uncertainty to barley outlook - The Barley Bin](https://feedsoft.ai/events/42363-black-sea-conflict-adds-uncertainty-to-barley-outlook-the-barley-bin.md) | +0.0% | +6.2% |
| CORN | 2022-11-30 | [Turbulence in fertiliser markets weighs on crop outlook \| articles \| ING THINK](https://feedsoft.ai/events/38620-turbulence-in-fertiliser-markets-weighs-on-crop-outlook-articles-ing-think.md) | -3.9% | +1.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/management/dairy-outlook-bullish-through-2022

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