
Irish milk deliveries fell 1.7% year over year in September to 760.4 million litres, less sharply than August’s 7.6% decline. Improved fat and protein levels limited the decline in milk-solids production to 0.2%; lower dairy prices have also squeezed farm margins and reduced incentives to expand output.
Reduced Irish milk output tightens supply, while weak dairy returns discourage a production rebound. This is supportive for milk prices, although the article also reports substantially lower butter and cheddar quotations.
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.