# Global food markets still brace for uncertainty in 2020/21 because of COVID-19 says FAO

> The FAO Food Outlook forecasts a comfortable cereal supply and demand balance for 2020/21, with global cereal output expected to exceed the 2019 record by 2.6 percent. It says agri-food markets have proven more resilient to COVID-19 than many other sectors. The report covers cereals, oilcrops, meat, dairy, fish and sugar.

- Date: 2020-11-06 · published 2020-11-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/50123-global-food-markets-still-brace-for-uncertainty-in-2020-21-because-of-covid-19
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A well-supplied global cereal balance points to limited upward pressure on grain and feed prices, though pandemic-related uncertainty remains.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-11-25 | [Inflation, sustainability and ASF to drive global markets in 2022 - Beef Central](https://feedsoft.ai/events/43998-inflation-sustainability-and-asf-to-drive-global-markets-in-2022-beef-central.md) | +1.8% | +1.2% |
| LCATTLE | 2024-10-30 | [Farm Bureau: Low Inventory Leads to Uncertainty in Cattle Markets \| American Ag Network](https://feedsoft.ai/events/8085-farm-bureau-low-inventory-leads-to-uncertainty-in-cattle-markets-american-ag.md) | -1.3% | -1.6% |
| LCATTLE | 2024-08-02 | [Beef market update: Effects of the contracting herd in the US are felt globally \| AHDB](https://feedsoft.ai/events/28718-beef-market-update-effects-of-the-contracting-herd-in-the-us-are-felt-globally.md) | -0.9% | -2.5% |
| LCATTLE | 2024-08-01 | [Livestock Market Update for The Second Half of 2024 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets.md) | -1.5% | -3.4% |
| LCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.3% | -0.2% |
| FCATTLE | 2024-08-02 | [Beef market update: Effects of the contracting herd in the US are felt globally \| AHDB](https://feedsoft.ai/events/28718-beef-market-update-effects-of-the-contracting-herd-in-the-us-are-felt-globally.md) | -4.3% | -3.9% |
| FCATTLE | 2024-08-01 | [Livestock Market Update for The Second Half of 2024 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets.md) | -5.7% | -5.3% |
| FCATTLE | 2023-01-04 | [Cattle Markets in 2023 and Cattle on Feed Update \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/37918-cattle-markets-in-2023-and-cattle-on-feed-update-ohio-beef-cattle-letter.md) | +0.9% | +0.3% |

## Sources

- fao.org: https://www.fao.org/newsroom/detail/Global-food-markets-still-brace-for-uncertainty-in-2020-21-because-of-COVID-19-says-FAO/en

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