
Great Britain's milk production fell 4.1% year-on-year in October 2026, with daily deliveries averaging 33.99 million litres and an estimated 1,053 million litres for the month, according to AHDB's October dairy market review. Deliveries remained above the five-year average and were the second-highest October supply in the past decade.
April to October deliveries were 2.6% lower than a year earlier.
Lower British milk output tightens the local dairy supply that feeds into milk powder and dairy byproduct availability for feed buyers, while higher forage, fuel and fertiliser costs weigh on producer margins and could support feed-related prices.
After 240 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (50% higher; middle half -0.4% to +0.5%), and +1.2% 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.