Lakeland Dairies, Northern Ireland's largest milk processor, held its October milk price unchanged from September at a base of 31.9p per litre. It will also rebate £17 per tonne on retail dairy feed bought by suppliers in December and January.
Holding the base price while peers are expected to move suggests tighter farm-gate margins for suppliers, and the feed rebate partly offsets winter feed costs. Dairy commodity prices have recovered since July, which supports the case for higher milk prices.
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.