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The UK average farm-gate milk price for October 2019 was 29.35 ppl, down 0.4% on September and down 6.7% year on year. Butterfat rose to 4.23% and protein to 3.45%, while October wholesale volumes were 1,193 million litres, up 3.1% month on month.
Lower UK farm-gate prices year on year tighten margins for UK producers and weigh on feed purchasing power, while rising milk solids suggest firmer output per litre. The effect on feed commodity prices is modest.
gov.ukNov 28, 2019After 136 past neutral report events, MILK moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.
