
The UK average farm-gate milk price for June 2024 was 38.43 pence per litre, up 1.5% from May and 6.5% higher than June 2023. UK milk volumes fell 7.6% month on month to 1272 million litres, while butterfat and protein content were little changed.
Higher UK farm-gate prices alongside lower volumes point to tighter domestic raw milk supply, which supports dairy product prices and feed demand from dairy herds.
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.