# Global Dairy Commodity Update November 2020 - EDairy News English

> 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.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50160-global-dairy-commodity-update-november-2020-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2023-03-01 | [The economic state of U.S. dairy: 2023 will differ from 2022 \| Ag Proud](https://feedsoft.ai/events/36862-the-economic-state-of-u-s-dairy-2023-will-differ-from-2022-ag-proud.md) | -0.8% | +1.1% |
| MILK | 2023-01-05 | [Dairy outlook 2023: stand by for volatility to continue \| BusinessDesk](https://feedsoft.ai/events/5547-dairy-outlook-2023-stand-by-for-volatility-to-continue-businessdesk.md) | -4.4% | -12.5% |
| MILK | 2023-01-25 | [Strong dairy product exports impact U.S. milk prices – AgriNews](https://feedsoft.ai/events/37782-strong-dairy-product-exports-impact-u-s-milk-prices-agrinews.md) | +0.3% | -8.0% |
| MILK | 2022-04-18 | [High costs expected to stress dairy margins \| Capital Press](https://feedsoft.ai/events/42001-high-costs-expected-to-stress-dairy-margins-capital-press.md) | -0.0% | +2.6% |
| MILK | 2019-03-11 | [Dairy’s journey through 2019 will be complex, and cheese is the driver - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60251-dairy-s-journey-through-2019-will-be-complex-and-cheese-is-the-driver.md) | -0.2% | +5.9% |
| CORN | 2017-03-07 | [The correlation between USD and commodities is now gone: Citi](https://feedsoft.ai/events/71920-the-correlation-between-usd-and-commodities-is-now-gone-citi.md) | -2.2% | -0.2% |
| CORN | 2026-08-12 | [Commodities: Weaker Dollar lacks growth catalyst – BNY](https://feedsoft.ai/events/17811-commodities-weaker-dollar-lacks-growth-catalyst-bny.md) | +3.5% | +11.8% |
| CORN | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -2.5% | -5.2% |

## Sources

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

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