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Global dairy markets stayed relatively calm in late 2020 as rising milk supplies were matched by higher consumer demand and trade, though US cheese prices corrected heavily. Analysts flagged risks from butterfat supply growth through the northern winter and uncertainty over COVID-19 vaccine rollout.
Balanced milk supply and demand keeps global dairy prices steady, while a weak US dollar makes US cheese and protein more competitive in export markets, limiting gains for EU and NZ exporters.
en.edairynews.comDamián MoraisDec 2, 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.
Notes US cheese prices corrected heavily in late 2020 while global markets were calm, consistent with a US-specific cheese-driven decline.
