# With commodity prices boosted, what are the prospects for UK dairy?

> Wet spring weather delayed the UK milk season, with volumes down 1.5%, and global production fell 0.5% in April. Butter, bulk cream and mild cheddar prices rose sharply, lifting farmgate price equivalents, while the 2024/25 UK milk forecast was cut by 1.0%.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: weather · region UK · magnitude medium
- Page: https://feedsoft.ai/events/29758-with-commodity-prices-boosted-what-are-the-prospects-for-uk-dairy
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower UK milk supply and firmer dairy commodity prices raise farmgate values, supporting dairy feed demand and suggesting firmer dairy input costs ahead.

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-02-20 | [International prices for milk and dairy products](https://feedsoft.ai/events/9987-international-prices-for-milk-and-dairy-products.md) | -0.3% | +6.8% |
| MILK | 2018-06-20 | [Where are milk prices headed in rising dairy markets? - Farmers Weekly](https://feedsoft.ai/events/64546-where-are-milk-prices-headed-in-rising-dairy-markets-farmers-weekly.md) | -0.7% | -7.0% |
| MILK | 2024-07-27 | [Dairy Market Mania: How Heatwaves, Bird Flu, and Heifer Shortages are Shaking Up Milk Production and Prices \| The Bullvine](https://feedsoft.ai/events/6829-dairy-market-mania-how-heatwaves-bird-flu-and-heifer-shortages-are-shaking-up.md) | +2.4% | +4.2% |
| MILK | 2018-01-02 | [Dairy prices lift as milk volumes tighten](https://feedsoft.ai/events/5207-dairy-prices-lift-as-milk-volumes-tighten.md) | -10.1% | -9.9% |
| MILK | 2021-04-28 | [Dairy farmers struggle with high costs in tricky market - Farmers Weekly](https://feedsoft.ai/events/47614-dairy-farmers-struggle-with-high-costs-in-tricky-market-farmers-weekly.md) | -0.0% | +7.5% |

## Sources

- tridge.com: https://www.tridge.com/news/with-commodity-prices-boosted-what-are-the-p-bwjmkd

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.