How the milk price can go so off track

What is happening in the dairy world? Last summer, the threshold of €60 per 100 kilos for the milk price seemed within reach, but the harsh reality now is that 2026 will start with a thirty-something who also intends to slim down further. The market is still filled with negativity due to a surplus of milk, both in Europe and beyond. The question is: where did it go wrong? Because payment prices below €40 would never return, right?