GDT softening accelerates — butter down 8.1%

Latest auction saw further pressure on butter and SMP. Watch for co-op response in Q2 announcements.

↗ GDT / Milkline analysis

Arla posts volume growth, signals UK farmgate hold

Arla's latest trading update shows volume up 3.2% YoY. UK farmgate held at 34.07ppl for April.

↗ Arla Foods

Irish co-op prices softening from Feb peak

Tirlán and Dairygold both tracking lower from Feb. Ornua PPI implied return down 0.27ct/l.

↗ Irish Farmers Journal

EU butter stocks at 5-year high — bearish signal

EU intervention stocks swelled through Q1. Could weigh on spot prices through summer.

↗ EU Commission / ZuivelNL

Müller UK drops farmgate to 35.5ppl for Feb

3ppl reduction vs prior month. Signals processor margin pressure as commodity prices fall.

↗ Müller UK

USDA forecasts US milk production flat for 2026

No major supply shock expected from US. Cross-market price floor likely maintained.

↗ USDA ERS

Cheese category value up 2.1% YoY in UK retail

Premium cheese driving category growth despite volume softness. Branded outperforming private label.

↗ NIQ / Kantar