# Stephenson: Pandemic will weigh on dairy markets into 2021 - Progressive Dairy | Ag Proud

> University of Wisconsin dairy policy analyst Mark Stephenson said the pandemic's third US surge, not yet peaked as of Oct. 22, will continue to weigh on dairy demand. Food service sales, which account for over half of cheese and butter consumption, remain sharply reduced, with pizza a notable exception.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50651-stephenson-pandemic-will-weigh-on-dairy-markets-into-2021-progressive-dairy-ag
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Persistent foodservice weakness limits dairy product demand and milk price recovery into 2021. Lower dairy margins may restrain herd expansion and feed purchases.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-07-28 | [Powder market still rebalancing as Europe seeks equilibrium - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/70118-powder-market-still-rebalancing-as-europe-seeks-equilibrium-progressive-dairy.md) | +6.0% | +6.6% |
| MILK | 2020-03-25 | [COVID-19 pandemic rocks dairy markets \| Capital Press](https://feedsoft.ai/events/54272-covid-19-pandemic-rocks-dairy-markets-capital-press.md) | -0.2% | -17.5% |
| MILK | 2020-04-03 | [U.S. dairy farmers dump milk as pandemic upends food markets](https://feedsoft.ai/events/4154-u-s-dairy-farmers-dump-milk-as-pandemic-upends-food-markets.md) | -5.0% | -21.3% |
| MILK | 2026-09-28 | [Dairy risk management calendar: October 2026 \| Ag Proud](https://feedsoft.ai/events/5029-dairy-risk-management-calendar-october-2026-ag-proud.md) | -7.3% | -5.4% |
| MILK | 2020-04-30 | [Milk is being dumped. Why is it so hard to address dairy market chaos? - CSMonitor.com](https://feedsoft.ai/events/5178-milk-is-being-dumped-why-is-it-so-hard-to-address-dairy-market-chaos-csmonitor.md) | -1.2% | +4.7% |

## Sources

- agproud.com: https://www.agproud.com/articles/36263-stephenson-pandemic-will-weigh-on-dairy-markets-into-2021

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