# Cheese and Butter Futures Soar With Omicron Hitting Dairy Plants - Bloomberg

> 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.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: disease · region US · magnitude low
- Page: https://feedsoft.ai/events/43143-cheese-and-butter-futures-soar-with-omicron-hitting-dairy-plants-bloomberg
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2024-09-16 | [Milk futures on the rise - Dairy Star](https://feedsoft.ai/events/28319-milk-futures-on-the-rise-dairy-star.md) | +0.5% | -2.9% |
| MILK | 2024-09-16 | [Tightening cheese supplies send prices higher](https://feedsoft.ai/events/28457-tightening-cheese-supplies-send-prices-higher.md) | +0.5% | -2.9% |
| MILK | 2024-12-20 | [How America Lost Control of the Bird Flu, Setting the Stage for Another Pandemic - KFF Health News](https://feedsoft.ai/events/16043-how-america-lost-control-of-the-bird-flu-setting-the-stage-for-another-pandemic.md) | +0.2% | +8.6% |
| MILK | 2024-05-08 | [Bird Flu Outbreak in Dairy Cows Is Widespread, Raising Public Health Concerns \| Infectious Diseases \| JAMA \| JAMA Network](https://feedsoft.ai/events/16090-bird-flu-outbreak-in-dairy-cows-is-widespread-raising-public-health-concerns.md) | +2.1% | +6.4% |
| MILK | 2023-04-04 | [India's milk imports soar as disease hits local cattle stock \| Reuters](https://feedsoft.ai/events/12311-india-s-milk-imports-soar-as-disease-hits-local-cattle-stock-reuters.md) | +3.1% | +3.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-01-10/cheese-and-butter-futures-soar-with-omicron-hitting-dairy-plants

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