The NFU's chief dairy adviser says record summer heat cut UK milk deliveries, with volumes below expected levels on 87 days this summer. She describes a widening gap between the top and bottom of the UK milk price table, with some dairies announcing 40+ppl prices for October/November 2026.
Weather-driven drops in UK milk output tighten local supply and support farmgate prices, while the price gap highlights producer margin stress that could influence herd and output decisions.
After 32 past bullish weather events, Milk (Class III) moved a median +0.1% over 5 sessions (50% higher; middle half -0.7% to +3.4%), and +3.2% 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.