# $20+ Milk Could Be Further Swallowed Up By Russia-Ukraine Crisis - EDairy News English

> US Class III milk reached $20.38 in January 2022, the highest since 2014, while input costs rose sharply year over year, including diesel up 41 percent. Oil near $100 a barrel and the Russia-Ukraine crisis raise concern over energy prices and feed costs, especially corn.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/8437-20-milk-could-be-further-swallowed-up-by-russia-ukraine-crisis-edairy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Russia and Ukraine supply about a third of global corn and cereal grain exports, so the crisis raises feed grain prices and increases cost pressure for dairy and livestock producers.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-15 | [Why allowing Ukraine to ship grain during Russia's war matters to the world \| AP News](https://feedsoft.ai/events/14378-why-allowing-ukraine-to-ship-grain-during-russia-s-war-matters-to-the-world-ap.md) | -8.6% | -12.6% |
| 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 | 2026-06-15 | [Focus: Russian attacks could cut Ukraine grain exports by a third \| Reuters](https://feedsoft.ai/events/14105-focus-russian-attacks-could-cut-ukraine-grain-exports-by-a-third-reuters.md) | -0.8% | -0.1% |
| CORN | 2022-02-28 | [Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues](https://feedsoft.ai/events/42754-wheat-continues-surge-on-black-sea-supply-concerns-as-ukraine-russia-crisis.md) | +10.4% | +14.4% |
| CORN | 2022-02-25 | [Farming News - The Ukraine/Russia situation sends global fertiliser markets sharply higher](https://feedsoft.ai/events/43022-farming-news-the-ukraine-russia-situation-sends-global-fertiliser-markets.md) | +6.6% | +10.3% |
| WHEAT | 2023-07-15 | [Why allowing Ukraine to ship grain during Russia's war matters to the world \| AP News](https://feedsoft.ai/events/14378-why-allowing-ukraine-to-ship-grain-during-russia-s-war-matters-to-the-world-ap.md) | +2.4% | +2.8% |
| WHEAT | 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) | +14.9% | +5.2% |
| WHEAT | 2022-02-26 | [Russia-Ukraine conflict could add pressure to Australia's 'skyrocketing' farm costs - ABC News](https://feedsoft.ai/events/43023-russia-ukraine-conflict-could-add-pressure-to-australia-s-skyrocketing-farm.md) | +12.1% | +26.0% |

## Sources

- en.edairynews.com: https://en.edairynews.com/20-milk-could-be-further-swallowed-up-by-russia-ukraine-crisis/

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