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The Castilla y León agriculture department calculated an average reference cost of 49.2 cents per liter, equivalent to €47.79 per 100 kg of solids-corrected milk. Of that, €28.06 goes to livestock feed, about 58.7% of the total.
The department warned of sharply tighter margins on farms.
Feed makes up the bulk of dairy costs, so rising ration prices squeezing farm margins could pressure herd size and dairy feed demand in Spain. Falling milk prices alongside higher feed costs point to tighter margins for producers.
democrata.esAgenciasNov 14, 2026After 274 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.4% to +0.4%), and -1.4% over 20.
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.
