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UK average farm-gate milk price for September 2019 was 29.68 ppl, up 3.0% month on month but down 3.0% year on year. Butterfat rose to 4.14% and protein to 3.41%, while wholesale volumes fell 4.0% from August to 1,156 million litres.
Lower UK milk volumes and firmer prices support dairy demand for feed ingredients modestly, but the effect on global feed prices is limited.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.