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AHDB reports that GB milk production recovered in Q3 2022 as higher milk prices eased farm margins. It revised the 2022/23 production forecast up to 12.26bn litres, with October output 4% above forecast.
Recent weakness in dairy product markets may limit buyers' ability to hold prices at high levels.
Stronger milk output combined with softer dairy product prices points to lower milk prices ahead, which weakens dairy farmers' capacity to absorb high feed costs.
mainsitelive.azurewebsites.netNov 24, 2022After 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.
