# Global Dairy Commodity Update October 2020 - EDairy News English

> 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.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6555-global-dairy-commodity-update-october-2020-edairy-news-english
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Sources

- en.edairynews.com: https://en.edairynews.com/global-dairy-commodity-update-october-2020/

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