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The August 2020 global dairy update says commodity prices have weakened in most major producing regions. Milk supply is expanding faster than last year while demand slows, and COVID-19 restrictions and recession risks are weighing on cheese and butter trade.
Expanding milk supply and slowing demand point to continued downward pressure on global dairy prices, which lowers the cost of dairy-derived feed ingredients over the coming months.
en.edairynews.comDamián Morais4 ago 2020Tras 49 eventos bajista de macro pasados, Leche (Clase III) se movió una mediana de -0,6 % en 5 sesiones (33% al alza; mitad central entre -8,5 % y +0,6 %), y -7,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The global update reported weaker prices, faster milk supply growth and slowing demand, which is a bearish backdrop for Class III.
