Liquid Milk Council Report May 2026

Market Report  

February milk price @3.3% protein and 3.6% fat.  

PROCESSOR	PROTEIN €/kg (A)	PROTEIN VALUE c/L	FAT €/kg (B)	FAT VALUE c/L	VOLUME CHARGE c/L (C)	A+B-C c/L	Bonus c/L	VAT excl. c/L	VAT c/L	FEB. MILK PRICE	MILK PAYMENTS YTD €	March Quotes
DAIRYGOLD*	6.31	21.45	4.21	15.60	4.00	33.05	6.28	39.33	1.77	41.10	9917	37.0
TIRLAN*	7.25	24.62	3.62	13.43	4.00	34.05	5.26	39.31	1.77	41.08	9798	37.08
LISAVAIRD	6.62	22.50	4.41	16.36	3.54	35.33	0.88	36.21	1.63	37.84	9099	39.54
DRINAGH	6.62	22.50	4.41	16.36	3.55	35.32	0.88	36.20	1.63	37.83	9096	39.54
BARRYROE	6.69	22.72	4.46	16.52	4.00	35.25	0.88	36.13	1.63	37.75	9092	39.54
BANDON CO-OP	6.69	22.72	4.46	16.52	4.00	35.25	0.88	36.13	1.63	37.75	9092	39.54
AURIVO*	7.17	24.38	3.30	12.22	3.81	32.78	3.75	36.53	1.64	38.18	9080	37.25
ARRATIPP	6.91	23.47	3.41	12.64	3.35	32.75	3.99	36.74	1.65	38.39	9032	37.00
LAKELAND DAIRIES*	6.59	22.40	3.36	12.44	3.50	31.34	4.30	35.64	1.60	37.24	8887	36.25
KERRY*	6.56	22.30	4.38	16.22	4.00	34.53	0.50	35.03	1.58	36.60	8845	36.5
STRATHROY	6.94	23.59	3.75	13.91	4.00	33.49	1.00	34.49	1.55	36.05	8609	37.05
NORTH CORK	6.42	21.83	3.85	14.29	4.00	32.12	1.00	33.12	1.49	34.61	8305	37.28

Latest Commodity Prices  

Product	GDT 3rdFeb +6.7%	US Market – 30thJan	EU Spot quotes 28thJan	EU Futures – 30thJan(Feb – Sep 2026)
Butter	€4876 (+8.8%)	€2935	€3970 (-2.2%)	€4274 (+2.7%)
SMP	€2427 (+10.6%)	€2674	€2153 (+1.7%)	€2380 (+2.2%)
Whey		€1403	€999 (+0.5%)	€1038 (+2.0%)
WMP	€3052 (+5.3%)		€3073 (+2.1%)
Cheddar	€4030 (+3.8%)	€2597	€3250 (-0.7%)

The Ornua PPI for March is 121.9 which equates to 34.2cpl incl. VAT. 

Activity since last National Council 

• Online meetings of the liquid milk committee regarding committee structure and chairmanship.   

• Meeting with LIDL on the cuts to the retail price of milk.  

• In person meeting of the liquid milk committee on the 11^{th of} May.  

• Jackie Cahill appointed Chair of the NMA.