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Maxum Foods' October update says global dairy markets have been relatively stable through the September quarter, except for US cheese prices. It expects milk supply growth to slow in the second half of 2020 and warns that a second COVID wave could weigh on demand.
Slowing but continued milk supply growth and weakening US cheese supply pressure suggest limited dairy price strength. Feed buyers may see flat dairy-related feed demand.
dairyreporter.comJim CornallOct 6, 2020Not enough comparable past events yet for a historical read.
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.
