# Global Dairy Commodity Update December 2020 - EDairy News English

> 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.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49648-global-dairy-commodity-update-december-2020-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- MILK: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-12-02 | 5 | -34.4% | -4.8 | Notes US cheese prices corrected heavily in late 2020 while global markets were calm, consistent with a US-specific cheese-driven decline. |

## Sources

- en.edairynews.com: https://en.edairynews.com/global-dairy-commodity-update-december-2020/

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