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The UK average farm-gate milk price for April 2024 was 37.21 pence per litre, down 2.4% from March and down 5.7% year on year. Butterfat fell to 4.26% and protein to 3.40%, while April volumes were 1,318 million litres, down 0.7% month on month.
Lower UK farm-gate prices reflect weaker dairy product values earlier in the spring, reducing margins for feed buyers' dairy customers and signalling softer demand for dairy feed inputs.
gov.ukJun 27, 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.
