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FranceAgriMer data published 2 November show French conventional cow's milk prices stable since June at 417 euros per 1000 litres in August, down 59.30 euros year on year. Butter has held around 4000 euros per tonne since mid-April.
Stable French milk and butter prices alongside rising powder and whey point to firm dairy protein demand, which supports milk powder and whey inputs used in animal feed.
After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% 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.