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A dairy market update reports positive short-term outlook for European and Oceania dairy markets. It cites persistent EU cheese and butterfat demand, strong Chinese import demand and slowing global milk supply.
US exporters are seeking to use weak domestic prices to expand exports.
Slowing global milk supply and steady import demand support dairy prices in the near term. US export competition at low domestic prices is a counterweight for buyers.
en.edairynews.comDamián MoraisMar 4, 2021Not 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.
