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The UK average farm-gate milk price for August 2023 was 36.22 pence per litre, up 1.5% from July but down 24% year on year. Butterfat rose to 4.17% and protein to 3.37%, while August volumes were 1,193 million litres.
Lower UK milk prices year on year reflect weaker dairy demand and ample supply, which weighs on dairy producers' feed purchasing power.
gov.ukOct 26, 2023After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
