# Dairy markets news: week of November 2-6, 2020 - Dairy Producer

> CME spot cheese block prices fell nearly 30 cents from Monday to Thursday in the week of November 2-6, 2020, converging toward barrel prices near $2.50. Butter closed Grade AA at $1.43 with holiday cream demand strong, while milk supply was plentiful and producers began trimming output.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50157-dairy-markets-news-week-of-november-2-6-2020-dairy-producer
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Softer cheese spot prices and easing milk production point to weaker dairy product values heading into late 2020, which lowers the price outlook for dairy-related feed ingredients demand.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyproducer.com: https://dairyproducer.com/dairy-markets-news-week-of-november-2-6-2020/

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