USDA's Foreign Agricultural Service projects EU liquid milk consumption to fall 0.1% in 2027 to 23.2 million tons, continuing a long-term decline. Consumption in 2026 is estimated 0.3% lower than in 2025 as households buy less liquid milk and plant-based alternatives gain share.
Persistently weak EU liquid milk demand keeps surplus dairy available for processing, which weighs on farm-gate milk prices and the value of dairy products used in feed.
After 669 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.8% to +0.5%), and -0.1% 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.