# Maxum publishes global dairy commodity update for June

> Maxum Foods' June global dairy update says markets turned the corner in May as COVID-19 restrictions eased and foodservice demand recovered. It warns that uneven reopening will slow recovery and that stock-builds in SMP and butter are a risk. Slowing US and EU milk output is expected to offset part of the demand slump.

- Date: 2020-06-02 · published 2020-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4252-maxum-publishes-global-dairy-commodity-update-for-june
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Surplus SMP and butter stocks cap upside in those products and could weigh on milk prices. Slower milk output from the US and EU provides partial support.

## Read by commodity

- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-06-09 | 5 | +69.1% | 14.6 | Foodservice demand recovery as COVID restrictions eased and slowing US milk output tightened the supply-demand balance and supported prices in May and June. |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2020/06/02/Maxum-publishes-global-dairy-commodity-update-for-June/

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