Loading…
Maxum Foods' November 2020 global dairy update says markets remained calm despite rising COVID-19 infections and returning movement restrictions, with the US cheese market turbulent. It notes that milk growth outside the US will slow as weather and feed costs weigh on production, and that buyers in price-sensitive export markets may not restock.
Expected slower milk growth outside the US and cautious import demand could support dairy prices, while higher feed costs cut into producer margins and feed demand.
en.edairynews.comDamián MoraisNov 4, 2020After 15 past neutral macro events, Milk (Class III) moved a median -0.2% over 5 sessions (27% higher; middle half -2.1% to +0.1%), and -3.2% over 20.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
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.
