# Maxum Foods issues April global dairy commodity update

> Maxum Foods says global dairy markets face deep COVID-19 impacts from lockdowns that disrupt trade and close food-service channels. Weaker cheese demand is changing product mix, and milk output is building toward the seasonal peak in Europe and the US. Demand from developing importers remains robust, conditional on China's recovery.

- Date: 2020-04-07 · published 2020-04-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5748-maxum-foods-issues-april-global-dairy-commodity-update
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Surging milk supply against weaker cheese demand points to continued downward pressure on dairy prices.

## Read by commodity

- MILK: bearish ▼

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2020/04/07/Maxum-Foods-issues-April-global-dairy-commodity-update/

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