
The Irish Farmers' Association says co-op boards should hold June milk prices despite Brexit worries. Friesland Campina joined Arla in holding its July price.
The IFA says weaker sterling could hurt UK exports but a weaker euro helps third-country sales, and it cites falling EU and Oceania milk output.
Falling production in major exporting regions is tightening global dairy supply, which supports milk prices. A weaker euro against the dollar improves export competitiveness.
After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.