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ABARES forecasts Australian milk production to decline marginally in 2025-26 as the dairy herd shrinks by about 2%. The farm gate milk price is forecast to rise 5% to 68.5 cents per litre, and the gross value of agricultural production is forecast to fall 2.8%.
Lower Australian milk output tightens dairy supply, supporting prices for dairy products and milk.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), 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.