Latest milk reduction
The weakness of commodity markets and the high production level continue to take their toll on processor prices and the latest reduction comes from Muller Wiseman which is to drop its milk price by 1.6ppl to 32ppl from June 1.
Latest Defra data
The latest Defra data covering farmgate prices show a slight dip in March to 33.66ppl but this was still 11.9% above one year earlier.
DairyCo report that UK milk production remains extremely strong as favourable conditions carry on into the new milk year. Although grass growth in recent weeks has been affected by cool night temperatures and frosts, these conditions are likely to improve as Spring progresses and there is potential for good quality silage, if conditions continue into the second week of May. Despite the recent price cut announcements farmers are expected to continue to produce at the current pace for now.