The Vendée Chamber of Agriculture reports that dry conditions after a hot, dry summer and a dry autumn have left farms with very low forage stocks. Milk output in the department has fallen 20%, and cereal and forage stocks have also dropped sharply.
Some farmers have spent 50,000 to 60,000 euros buying silage maize and hay this year.
Drought-driven forage shortages raise demand for purchased silage, hay and feed while cutting local milk supply, which supports feed prices. Farmers plan to rebuild stocks in 2027, which will keep forage demand elevated.
After 35 past bullish weather events, Milk (Class III) moved a median -0.1% over 5 sessions (46% higher; middle half -1.5% to +2.6%), 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.