# Dairy Market Blog 26th September - Irish Farmers' Association

> The Irish Farmers' Association says EU milk output growth has been very modest through July, with the main four regions still slightly negative. New Zealand output rose sharply in June and July, and Rabobank forecasts its 2019/20 season between -1% and +1%.

- Date: 2019-09-25 · published 2019-09-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/57063-dairy-market-blog-26th-september-irish-farmers-association
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight global milk supply and steady demand support dairy prices, which can underpin demand for dairy-related feed ingredients.

## Read by commodity

- MILK: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-10-24 | [EU wheat prices mixed on Chicago slide, better export prospects - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10537-eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects-agweek-1-source.md) | +0.6% | -2.5% |
| EURUSD | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | +0.3% | +0.2% |
| EURUSD | 2024-04-01 | [ECB staff macroeconomic projections for the euro area, March 2024](https://feedsoft.ai/events/31425-ecb-staff-macroeconomic-projections-for-the-euro-area-march-2024.md) | +0.5% | -1.0% |
| EURUSD | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | -2.1% | -0.8% |
| EURUSD | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | +0.1% | +0.7% |
| MILK | 2016-12-27 | [December Dairy Market Report](https://feedsoft.ai/events/73485-december-dairy-market-report.md) | +0.1% | -3.7% |
| MILK | 2019-12-06 | [November 2019 Dairy Market Report](https://feedsoft.ai/events/6373-november-2019-dairy-market-report.md) | +0.3% | -12.4% |
| MILK | 2024-09-24 | [Dairy Outlook: September 2024 - Dairy Producer](https://feedsoft.ai/events/28315-dairy-outlook-september-2024-dairy-producer.md) | -0.2% | -2.6% |

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/dairy-market-blog-3/
- ifa.ie: https://www.ifa.ie/markets-and-prices/grain-market-update-26th-september/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.