Ireland's domestic milk intake by processors and co-ops was estimated at 760.4 million litres in September 2026, down 1.7% year on year. Butter output fell to 28,600 tonnes from 30,100 tonnes, while Q3 2026 intake was down 4.0% versus Q3 2025.
A lower Irish milk supply tightens dairy inputs for feed and dairy-product markets, and falling butter output is mildly supportive of dairy prices. The effect on feed-ingredient demand is modest given Ireland's scale.
After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% 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.