Loading…
Commentary on the global dairy outlook says northern hemisphere milk output is at its seasonal peak while food service channels reopen after COVID-19. EU milk output is expected to rise slightly, and US milk supply remains excessive as herd growth continues.
Chinese demand is described as the key driver of trade flows.
Balanced fundamentals across cheese, butter and powder leave dairy prices broadly supported in the near term. Rising US supply and elevated fat and powder prices could limit demand in developing markets.
en.edairynews.comDamián MoraisJun 2, 2021Not 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.
