Dairy December, UK: Increase in GB milk production for the remainder of the season

Published Dec 4, 2024

Tridge summary

The article highlights a mixed year for milk production, with initial challenges due to wet weather and low prices, but improvements from September onwards as better weather and higher prices boosted milk flows. Despite high input costs, favorable milk to feed price ratios support production growth. However, potential challenges such as inheritance tax, environmental regulations, disease outbreaks, and geopolitical tensions could impact the industry. Additionally, while strong commodity markets keep milk prices high, there is concern about a possible negative impact on prices in the coming year, prompting the industry to prepare and stay informed through updates from AHDB.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This milk year has been divided into two halves, with the first half lagging behind last year’s production, driven by wet weather conditions during the spring season and the preceding Autumn and Winter months and lower prices. This led to lower yields in the first half with lower levels of forage availability keeping production behind last year. However, the situation turned in September. Higher milk prices and improving margins, along with good grass growth (varied in regions) and much dryer weather that allowed the cows to stay out for longer brought a resurgence in milk flows. A combination of both bullish and bearish factors comes into play around this forecast. GB milk deliveries in September and October were up by 0.7% and 2.6% respectively compared to the previous year. We are now annualising against a year of lower milk deliveries following poor weather. So far, November looks extremely buoyant with milk volumes up by nearly 4.5% in the month-to-date. Milk prices remain ...
Source: Ahdb

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.