
EU farm-gate milk prices fell nearly 20% year on year while milk supplies, processing output, and exports increased. Export volumes rose for butter oil, butter, skimmed milk powder, and cheese, while butter prices fell and skimmed milk powder and whey powder prices climbed sharply.
Growing milk supply and stronger exports have not prevented lower raw-milk prices, indicating pressure on EU producers and potentially dampening milk output or investment over time. The mixed prices across dairy products may shift processing incentives, though the listed feed-market commodities are not directly affected.
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.