# Dairy Market Update January 2023 | MCT Dairies, Inc.

> Record rainfall in Australia, New Zealand, and California has damaged pastures, infrastructure, and dairy facilities. Producers expect the rains to slow milk production in the short term through higher rates of mastitis and other disease and poorer feed quality.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5881-dairy-market-update-january-2023-mct-dairies-inc
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected short-term milk output losses tighten dairy supply and support prices. Damaged pasture and feed quality also raise the value of purchased feed for producers in affected regions.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-09-25 | [Global dairy deficit to buoy milk markets](https://feedsoft.ai/events/9912-global-dairy-deficit-to-buoy-milk-markets.md) | -0.1% | +9.8% |
| MILK | 2021-04-28 | [Dairy farmers struggle with high costs in tricky market - Farmers Weekly](https://feedsoft.ai/events/47614-dairy-farmers-struggle-with-high-costs-in-tricky-market-farmers-weekly.md) | -0.0% | +7.5% |
| MILK | 2018-06-20 | [Where are milk prices headed in rising dairy markets? - Farmers Weekly](https://feedsoft.ai/events/64546-where-are-milk-prices-headed-in-rising-dairy-markets-farmers-weekly.md) | -0.7% | -7.0% |
| MILK | 2026-07-22 | [Hot Weather Gives Cheese Markets a Boost as Milk Supplies Tighten - Dairy Herd](https://feedsoft.ai/events/18528-hot-weather-gives-cheese-markets-a-boost-as-milk-supplies-tighten-dairy-herd.md) | +0.2% | +5.0% |
| MILK | 2024-07-27 | [Dairy Market Mania: How Heatwaves, Bird Flu, and Heifer Shortages are Shaking Up Milk Production and Prices \| The Bullvine](https://feedsoft.ai/events/6829-dairy-market-mania-how-heatwaves-bird-flu-and-heifer-shortages-are-shaking-up.md) | +2.4% | +4.2% |

## Sources

- mctdairies.com: https://www.mctdairies.com/dairy-markets-january-2023/

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