# Global Dairy Commodity Update August 2020 - EDairy News English

> The August 2020 global dairy update says commodity prices have weakened in most major producing regions. Milk supply is expanding faster than last year while demand slows, and COVID-19 restrictions and recession risks are weighing on cheese and butter trade.

- Date: 2020-08-04 · published 2020-08-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51638-global-dairy-commodity-update-august-2020-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expanding milk supply and slowing demand point to continued downward pressure on global dairy prices, which lowers the cost of dairy-derived feed ingredients over the coming months.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2020-08-06 | 5 | -21.1% | -3.3 | The global update reported weaker prices, faster milk supply growth and slowing demand, which is a bearish backdrop for Class III. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-05-05 | [Global Dairy Commodity Update May 2020 - EDairy News English](https://feedsoft.ai/events/53130-global-dairy-commodity-update-may-2020-edairy-news-english.md) | +1.8% | +5.7% |
| MILK | 2020-07-02 | [Global Dairy Commodity Update July 2020 - EDairy News English](https://feedsoft.ai/events/52120-global-dairy-commodity-update-july-2020-edairy-news-english.md) | +5.8% | +7.4% |
| MILK | 2022-07-04 | [Global Dairy Commodity Update July 2022 - EDairy News English](https://feedsoft.ai/events/8553-global-dairy-commodity-update-july-2022-edairy-news-english.md) | +1.4% | +0.5% |
| MILK | 2022-07-07 | [What Do Recent Falling Feed Prices Mean For Dairy Producers? - EDairy News English](https://feedsoft.ai/events/8551-what-do-recent-falling-feed-prices-mean-for-dairy-producers-edairy-news-english.md) | +1.5% | -10.0% |
| MILK | 2019-08-22 | [Dairy Market Report 23rd August - Irish Farmers' Association](https://feedsoft.ai/events/57577-dairy-market-report-23rd-august-irish-farmers-association.md) | -0.1% | +3.6% |

## Sources

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

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