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Dairy markets improved in May as COVID-19 lockdowns eased and foodservice reopened, lifting short-term cheese demand. Milk output slowed in the US and EU, while stronger Asian and MENA import demand is seen as critical to the outlook.
Slowing milk supply and recovering demand support dairy prices, but the sustainability of the recovery depends on export demand, which is a key uncertainty for feed buyers.
en.edairynews.comDamián MoraisJun 2, 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.
