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GB milk production for the milk year to date is 5.2% above last year and the highest in the past decade, despite very dry UK conditions. Booming supply has come from a high milk-to-feed price ratio and record compound feed sales.
Milk prices are expected to fall as supplies build globally and dairy commodity stocks rise.
Surplus milk and rising dairy stocks point to lower UK and global milk prices, reducing dairy demand strength and the value of milk-based products.
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.