Great Britain’s milk deliveries averaged 33.97 million litres per day in October, with total volume down 4% year-on-year but 1% above the five-year average. AHDB attributes the expected production decline to falling milk prices and rising input costs; dry autumn conditions enabled some late forage production, though its quality is expected to be lower.
Reduced milk output tightens dairy supply and may support milk prices, while lower-quality forage and higher input costs add pressure to producers and could affect feed demand.
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.
Not enough comparable past events yet for a historical read.
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.