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Maxum Foods' December update says global dairy markets remained relatively calm as milk supply growth was matched by demand. It expects milk growth among major exporters to slow, helped by dry southern hemisphere conditions and firmer feed costs, while a weak US dollar aids US protein and cheese competitiveness.
Slowing export milk growth and a weaker dollar support dairy commodity prices and US export competitiveness, though weak food service demand limits gains.
dairyreporter.comJim CornallDec 3, 2020Not enough comparable past events yet for a historical read.
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.
