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UK farm-gate milk price for May 2024 averaged 37.92 ppl, down 1.3% from April but up 2.9% year on year. Butterfat fell to 4.15% and protein to 3.37%, while May volumes rose 5% month on month to 1,377 million litres.
Slightly lower UK milk prices and higher volumes suggest modest supply pressure in Europe's dairy market, with limited direct effect on feed grain prices.
gov.ukJul 25, 2024After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% 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.
