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A global dairy commodity update reports rising milk output and sluggish EU and US demand, with fundamentals weakening further. US cheese and butter markets are described as oversupplied, and China's liquid milk demand is under pressure.
Expanding global milk supply against soft demand points to continued downward pressure on dairy product prices and milk values.
Not enough comparable past events yet for a historical read.
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.