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According to Cepea/Esalq, the average Brazilian raw milk price fell 5% in September from August, to R$2.76 per litre. The drop reflects seasonal growth in milk collection, which rose 2.16%, and strong competition from imported dairy products.
Feed costs on farms have risen again.
Lower farm-gate milk prices combined with rising feed costs squeeze Brazilian dairy margins, which can reduce demand for concentrates and affect buying decisions for feed.
Not enough comparable past events yet for a historical read.
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.