◂ Event Timeline

Jan 10, 2022DISEASEUS

Cheese and Butter Futures Soar With Omicron Hitting Dairy Plants

Dairy futures for cheese and butter spiked as Omicron-related absenteeism hit U.S. dairy plants, raising expectations of higher retail prices. Bloomberg also cites a longer-term decline in U.S. milk production.

WHY IT MATTERS

Plant labor disruptions and tight milk output support higher dairy futures and milk prices, with limited near-term supply response.

AFFECTSMilk (Class III)▲

SOURCE
bloomberg.comElizabeth ElkinJan 10, 2022

Price reaction & history

Milk (Class III)▲bullishSO FAR1d -0.1%5d -0.0%20d +2.5%

After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% over 20.

Sep 16, 2024Milk futures on the rise - Dairy Star+0.5%
Sep 16, 2024Tightening cheese supplies send prices higher+0.5%
Dec 20, 2024How America Lost Control of the Bird Flu, Setting the Stage for Another Pandemic - KFF Health News+0.2%
May 8, 2024Bird Flu Outbreak in Dairy Cows Is Widespread, Raising Public Health Concerns | Infectious Diseases | JAMA | JAMA Network+2.1%
Apr 4, 2023India's milk imports soar as disease hits local cattle stock | Reuters+3.1%

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.

Milk (Class III) MILK · GP ▸

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