The latest published farmgate pricewas for August, with a UK average of 36.2ppl. Latest announced farmgate prices have been mixed in October with liquid milk contracts relatively steady but cheese contracts easing. Our current projections for domestic demand expect retail sales of cheese, butter and yoghurt to fall by around 3% in 2023. Liquid milk sales are expected to revert to the long-term trend of a 1% annual decline (see full analysis below).

Personalized Planner, Refillable Leather Planner, Personalized Padfolio With Planner, Daily Planner, Custom Planner, To Do List Productivity Looking further ahead, Andersons predicts the number of dairy farmers will continue to decline over the next decade, as will cow numbers. Personalised 2024 diary - Gift for Girl - Gift for Boy - Gift for Teacher - Christmas Present - New years Gift - Gift for her - Gift for him Personalised Business Leather Week To View Diary 2023 - A4 A5 A6 Weekly Lined Office Diary - Personalised Christmas Gifts - Foil Emboss Gift The increase in energy costs has led to a resurgence in interest in renewable energy, particularly roof-mounted photovoltaic (PV).However, family businesses often see this as a price worth paying, providing flexibility and an acceptable lifestyle on what is effectively a 24/7 operation. Legislation The uplift in production from Sep-22 onwards, and the expectation that yields will remain supported as we move towards the 2023 spring flush, shifted the December forecast for the 2022/23 season from an expectation of further contraction (-0.8%) into growth (+0.7%). Much will hinge on cow numbers. The rate of decline in the GB milking herd has been slowing according to BCMS data, only declining by 0.5% in April, or 8,900 head per annum. However, with pressures on margins we may see this accelerating in the Autumn. Unseasonably high grass growth is supporting cow numbers for now but farmers may need to act soon to take advantage of high cull cow prices. Current market signals are for beef prices to fall going forwards. Personalised Custom Premium A5 Diary Organiser 2024 | Design A Truly Unique Gift | Laser Engraved PU Leather (UK dates and Holidays)

The continued strain on shoppers’ budgets is going to have the biggest impact on behaviours going forward, with the UK predicted to be in recession in 2023 and inflationary pressures are expected to continue. Labour and working conditions will continue to be a key challenge, to which insufficient value is still attributed by the owners of many dairy businesses. The higher milk yields seen in the last quarter of 2022 continued into February but are now softening. The full year for the 2022-23 milk season ended up by 0.2% on the previous year. However, poor spring weather and lower prices/squeezed farm margins have so far slowed production growth this year. GB milk production is forecast to reach 12.44bn litres for the 2022/23 season, up 0.7% on the previous season, according to the December forecast update. On a calendar year basis, GB production is expected to total 12.43bn litres. This is a 0.3% improvement on 2022, equivalent to an additional 39m litres. GB milk deliveriesfinally began to slow in September, after a strong summer of production,with estimated volumes for the month down by 1.1% year-on-year, or the equivalent of 13 million litres. This means that production is still ahead of 2022/23 in the year-to-date by 0.31%. Some of the drop off has been caused by disruption from milk haulier Lloyd Fraser going into administration mid-month. Anecdotal reports suggested that processors swiftly made other arrangements for collections and that a minimal amount was tipped. However, daily deliveries data indicate some disruption between 11 and 19 September.Nevertheless, there will be good opportunities for those who see a long-term future in the industry. Lunar moon diary 2024 | Flay lay journal, moon phases planner, manifesting journal, lunar cycle calendar, new moon ritual Global milk productionin July fell into slight decline of -0.1% year on year. This still meant that the 12-month picture was up by 0.48% year-on-year but perhaps signs that as prices cool globally, the production tap is beginning to be turned down. Deliveries since October have been above previously expected levels, boosted by the favourable weather conditions, and high milk prices. In the four months from October to January [1], deliveries were 3% ahead of year earlier levels when production had been subdued by rising costs and concern over margins.

TotalDairy is the leading technical conference for the dairy industry in Europe. Attracting more than 400 delegates over two days, the event has become a highlight of the Dairy calendar. August saw prices soften on global dairy wholesale markets barring some gains in butter, WMP and cheese markets in US. Milk production remains seasonally low with demand continuing to be weak. Some revival of demand is hoped for after the summer holidays. However, the value of dairy products has been weakening since last autumn, impacting on processors' ability to maintain the elevated milk prices. Added to that, it’s likely processors found it increasingly difficult to pass higher costs into consumer prices in the latter part of the year with demand showing signs of pressure. In 2022, the retail price index rose by 13%, with most of the inflation occurring in the second half of the year. Dairy product prices [3] rose by over 30% in the year, with fresh milk seeing the highest rate of inflation. Our latest forecastreleased in September predicted milk flows to slow down in the coming months with a conservative fall of at least 0.5% to be expected. There is scope for production to fall further if prices do not begin to recover this side of Christmas.

EU are forecasting a drop of 0.2%in milk production for 2023. This is in response to a declining dairy herd and lower prices forecast to drive a decline in production in the second half of the year, despite good yield growth. Don’t miss this special money-saving deal featuring the diary, meal planner, bookstand and Four Seasons cookbook. The industry’s emphasis should be on quality, not quantity, ensuring that demand is not exceeded, which should continue to maintain a strong retail price. Friesian Farm – summary figures (p/litre)

Chinese demand has remained disappointingthus far due to increased Chinese domestic dairy production and economic challenges. Domestic demand is also expected to be impacted by a squeeze on consumer incomes, with all products seeing lower sales. An anticipated increase in the number of in-home lunch and breakfast occasions could provide opportunities for butter in sandwiches and on toast. However, the price gap between butter and margarine has increased and there is also heightened consumer awareness of the price of butter due to previous media coverage. We expect this to result in shoppers switching from butter and dairy spreads into margarine and alternatives. In the last recession, baking boomed as people sought out more affordable leisure activities. Whilst this could be replicated in 2023, butter is still seen as substitutable in baking occasions, and it will therefore need to fight to remain relevant. As a result, we expect butter retail volumes in 2023 to be down 3%, however this would still result in category volumes being 3% higher than in 2019. Yogurt:High input costs and low milk prices ought to be a deterrent to milk production but for now, with forage being readily available, production has stayed afloat. Our latest forecast for the 2023/24 milk season estimates that GB milk production will be flat compared to last year, with production likely to begin to falling after August. Recent pressures have exacerbated the trend towards dairy producers leaving the industry with 380 (or -4.8%) of producers leaving the industry between October last year and April 2023. Demand GB milk production is forecast to record marginal growth in 2023 in the region of 0.3%. However, there is some risk of a contraction in production if margins deteriorate. Based on full economic production costs, which include a value for unpaid family labour, depreciation and an imputed rental value for owned land. They reflect on-farm costs rather than spot prices of inputs. Friesian Farm, Andersons’ model dairy farm, is used to illustrate trends within the dairy sector for a typical farm. It is not designed to showcase best practice