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EU farm-gate milk prices averaged 42.8 cents per kg in August 2026, down 19.7 percent year on year. The European Commission data show EU milk collection up 3 percent over January to August, with the decline driven by weaker prices in most member states.
Rising EU milk supply against weaker prices signals a bearish dairy market, which can keep dairy-linked feed ingredient prices under pressure.
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.