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Great Britain milk volumes for the week to 24 October fell 5% year on year, the first such decline of this kind, mainly because volumes were very high a year earlier. Volumes remain a few percentage points above the long-term average.
Lower UK supply would normally support dairy prices, but prices have not responded, pointing to weak demand or ample stocks. Feed buyers should not expect a firm dairy-driven pull on feed demand from this.
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.