
Colombia’s farmgate milk price averaged 2,004 pesos per liter in August 2026, up 1.1% from July and 7% year over year. Stable regional averages masked drought-related pressure: reduced pasture availability led some producers to use more feed supplements to maintain their herds.
Drought-driven reliance on purchased feed raises dairy production costs and may support milk prices if the conditions persist. The article does not identify particular feed ingredients affected.
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.