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The USDA's Foreign Agricultural Service forecasts EU fluid milk consumption at 23.2 million tonnes in 2027, down 0.1% from 2026. The decline follows a multi-year trend driven by shifting diets and cheaper plant-based alternatives, with the pace of contraction slowing.
Lower EU fluid milk demand, alongside forecast declines in butter and SMP output, points to softer dairy demand and weaker dairy price support in the EU.
agribusinesswire.comOlivia HartNov 13, 2026| AFFECTS | 1d | 5d | 20d |
|---|---|---|---|
| Milk (Class III)▼bearish | −2.3% | — | — |
| Nonfat Dry Milk▼bearish | — | — | — |
After 274 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.4% to +0.4%), and -1.4% 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.
