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AHDB's June review reports Great Britain milk deliveries up 0.4% year on year at 1,045 million litres. Farmgate prices have declined by almost 12 pence per litre in January to June 2023, and the annual production forecast was revised down to roughly flat.
Falling UK farmgate prices and a flat production outlook point to tighter British supply later in the milk year. The milk-to-feed price ratio is entering the contraction zone, which could limit feed buying.
mainsitelive.azurewebsites.netJul 13, 2023Not enough comparable past events yet for a historical read.
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.
