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A Rabobank analyst expects a delicate rebalancing of dairy supply and demand as global milk output growth meets shifting retail, foodservice and export demand after COVID-19. He said US milk production has returned near trend and that US demand should normalize by the second half of 2021.
Expected volatility and shrinking margins point to uncertain dairy returns, which can temper herd expansion and the demand for dairy feed over the coming year.
capitalpress.comCAROL RYAN DUMASCapital PressSep 26, 2020Not 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.
