
The UK average farm-gate milk price for January 2023 was 49.20 pence per litre, down 4.7% from December 2022 but up 39% year on year. Butterfat fell to 4.32% and protein to 3.39%, while January volumes rose 1.5% month on month to 1,257 million litres.
A lower UK farm-gate price reflects weaker dairy commodity values, which pressures dairy margins and feed purchasing decisions. Volumes rising modestly signals steady supply.
After 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.