This week’s cut in May milk price will take €1,050 off the May milk cheque for the average farmer milking 100 cows and producing about 5,000l per cow.

Lakeland and Glanbia cut milk price this week by 1.5c/l and 1c/l respectively. Should these cuts in May milk price be replicated for the national milk pool, it will see €15m knocked off the May milk cheques for dairy farmers.