# Dairy Market Report 23rd August - Irish Farmers' Association

> Global milk output growth remains subdued, with Jan-June production estimated down 0.4 percent, while Irish output rose about 10 percent. Dairy markets are sluggish with easier butter prices, as weaker economic growth in the Eurozone, US and China dampens demand. New Zealand's 2019/20 season has started strongly.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/57577-dairy-market-report-23rd-august-irish-farmers-association
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Soft demand and easing butter prices outweigh the tight supply picture, keeping dairy prices under pressure despite lower output. Buyers of dairy-based feed should expect limited upside in the near term.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-03-22 | [Latest Dairy Market Update - Output Growth Outpaces Demand - Irish Farmers' Association](https://feedsoft.ai/events/65994-latest-dairy-market-update-output-growth-outpaces-demand-irish-farmers.md) | -0.4% | +1.6% |
| MILK | 2020-04-03 | [U.S. dairy farmers dump milk as pandemic upends food markets](https://feedsoft.ai/events/4154-u-s-dairy-farmers-dump-milk-as-pandemic-upends-food-markets.md) | -5.0% | -21.3% |
| MILK | 2018-05-10 | [Dairy markets could finally rebalance](https://feedsoft.ai/events/65157-dairy-markets-could-finally-rebalance.md) | -0.1% | +1.0% |
| MILK | 2020-04-02 | [Dairy farmers begin to flush away milk due to coronavirus \| AP News](https://feedsoft.ai/events/4159-dairy-farmers-begin-to-flush-away-milk-due-to-coronavirus-ap-news.md) | -4.6% | -21.3% |
| MILK | 2021-02-25 | [Dairy is testing historical market limits](https://feedsoft.ai/events/48806-dairy-is-testing-historical-market-limits.md) | +5.2% | +4.1% |

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/dairy-market-report-23rd-august/

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