Early signs of a slowdown in milk supply growth in the United States and Europe could lead to a recovery in milk prices later this year.Joe Collins, MD Trading and Ingredients with Ornua (formerly the Irish Dairy Board), said that in recent days, markets appear to have stabilised although buying activity is light. “Milk output in the EU is expected to be down 1.8% in quarter one, as lower milk prices and super levy concerns combined to reduce supplies,” he said.