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The EU used 152 million tonnes of whole milk in 2016, with 37% going to cheese and 30% to butter. The UK produced over a fifth of EU drinking milk, and five countries produced 70% of EU cheese.
The release is a statistical overview of milk usage.
The data gives background on EU dairy processing structure but reports no new supply or price shock. It has little direct effect on feed or dairy price direction.
farminglife.comThe NewsroomJan 2, 2018After 664 past report events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -0.7% to +0.5%), and -0.1% 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.
