# Rabobank: Dairy facing three waves | Ag Proud

> RaboResearch outlined three waves of dairy market movement over the next 12 months from the COVID-19 crisis. Panic buying lifted retail demand, but food service demand fell sharply, and rising stocks, seasonal milk peaks, and weaker trade are expected to push prices down. A longer recession could keep prices under pressure into 2021.

- Date: 2020-04-08 · published 2020-04-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5745-rabobank-dairy-facing-three-waves-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Expected rising dairy stocks and a seasonal milk peak point to lower dairy commodity and farmgate milk prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-08-30 | [MPP-Dairy payments rise for July milk -  \| Ag Proud](https://feedsoft.ai/events/4766-mpp-dairy-payments-rise-for-july-milk-ag-proud.md) | -1.2% | -2.2% |
| MILK | 2016-05-05 | [Dairy Economic Update: No spring in prices, margin -  \| Ag Proud](https://feedsoft.ai/events/4169-dairy-economic-update-no-spring-in-prices-margin-ag-proud.md) | -6.2% | -6.3% |
| MILK | 2017-06-26 | [Optimism growing faster than supply, says Rabobank - Dairy Industries International](https://feedsoft.ai/events/70506-optimism-growing-faster-than-supply-says-rabobank-dairy-industries-international.md) | -3.9% | -5.2% |
| MILK | 2023-03-08 | [Rabobank report: Participants in the dairy value chain are being "squeezed" \| Dairy Foods](https://feedsoft.ai/events/36859-rabobank-report-participants-in-the-dairy-value-chain-are-being-squeezed-dairy.md) | +1.4% | +2.0% |
| MILK | 2016-10-14 | [Dairy Economic Update: Near-term pain, long-term gain -  \| Ag Proud](https://feedsoft.ai/events/9405-dairy-economic-update-near-term-pain-long-term-gain-ag-proud.md) | -0.1% | +14.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/36831-rabobank-dairy-facing-three-waves

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