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Irish milk collections continued to decline in September, although the pace of decline slowed. Better milk composition only partly offset lower volumes, while weak farmgate prices and limited relief in input costs continued to squeeze farmer margins and discourage production expansion.
Persistently constrained Irish milk output limits supply, while tight margins reduce the likelihood of a quick production recovery. This is supportive of milk prices, all else equal.
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.