AHDB forecasts 2025/26 GB milk production at a record 13.05 billion litres, up 4.9 percent, with deliveries 5.5 percent ahead through 22 November. Favourable economics and cheaper feed, including record compound feed output, are supporting yields.
Growth is expected to slow after the spring flush as prices fall.
Strong UK milk volumes and cheap feed support continued dairy output, though expected slowing after spring may ease supply pressure on feed demand later.
After 273 past bearish report events, MILK 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.