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A global dairy update says markets stayed relatively stable through the September quarter of 2020, except for US cheese prices. It forecasts slower milk supply growth in the second half, a weaker US cheddar market as block supply improves, and a deep recession weighing on demand.
Expected growth in milk supply and softer US cheese prices point to lower milk prices ahead, which may reduce dairy farmers' capacity to pay for feed.
en.edairynews.comDamián MoraisOct 2, 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.
