The EU average farmgate milk price rose 1.28% month on month to 45.12 euro cents/kg in October 2026, although it remained 13.93% below its year-earlier level. Prices increased in 15 member states; reduced milk supplies amid unfavorable weather supported the monthly rise.
Lower milk yields tighten available supply and can support farmgate milk prices. The increase was modest, while prices remained substantially lower year on year.
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.