# Global Dairy Commodity Update June 2021 - EDairy News English

> 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.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5679-global-dairy-commodity-update-june-2021-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: neutral

## Sources

- en.edairynews.com: https://en.edairynews.com/global-dairy-commodity-update-june-2021/

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