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GB milk deliveries in October were an estimated 1.1 billion litres, up 6.8 percent year on year, with milk supplies running well ahead of the five-year average. Many processors cut November milk prices sharply, in some cases by as much as 8 pence per litre.
Oversupply in the UK and processors' price cuts point to lower dairy prices and weaker demand for dairy feed in the near term.
Not 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.