AHDB data show Great Britain milk deliveries totalled 1,053.24 million litres in October 2026, down 4% year on year but 1% above the five-year average. AHDB's October forecast puts 2026/27 milk supply at about 12.74 billion litres, a 2.2% decline from the previous milk year, as cow numbers and forage availability fall.
Lower UK milk supply and squeezed farm margins tighten dairy availability, which can support dairy prices and reduce demand for dairy-derived feed ingredients. The effect on global feed markets is modest given the scale of UK output.
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.
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.