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Unit 11, Riverside Way, Seaton, Devon EX12 2UE UK 07801 308054
Welcome to the BDC agri blog. Here you will find reports from some of the events we attend, as well as Greg's popular weekly view of the UK milk and whey powders market:
"Many years ago, I got my first job in the dairy industry, as class milk monitor at Tollesbury Primary School.
I thought it was a job for life, but sadly Margaret Thatcher famously ‘snatched’ free school milk,
and the nation’s health has suffered since. Sixty-odd years later, I am still musing on the dairy industry,
with an irreverent view of politics and currency ..." Greg Dunn
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19 October 2023: Parallel universe?
Excuse the Milky Way analogy, but yet again, our esteemed trading community is putting on a stellar performance, pushing markets further...
Oct 19, 20231 min read
12 October 2023: Déjà vu, all over again
The milk powder markets continue to beggar belief, being propelled ever higher again, whilst farm gate milk price plummets and everything...
Oct 12, 20231 min read
5 October 2023: Been there, done that, got the T-shirt
So daft is what is happening in milk powders, we’ll start this week with the real world. Everything’s down. Crude oil is crashing, over...
Oct 5, 20231 min read
28 September 2023: 'I told you they was organized!'
Preparing for the premiere of 'Chicken Run: Dawn of the Nugget', I recently watched the hugely enjoyable original, and saw a parable for...
Sep 29, 20232 min read
21 September 2023: A rising tide lifts all boats?
Maybe not this one, but the twin pillars of milk powders rose in unison again, whey up 6% (+€40) and skim 2.3% (+€50) for the second week...
Sep 22, 20231 min read
15 September 2023: I was right - let me explain ...
Well, I had to be right in the end, 'predicting' an inevitable cycle - in other words, there used to be more sellers than buyers, and now...
Sep 15, 20232 min read
8 September 2023: Falls and rises
An ill wind has blown some good to whey traders, as the rockfall that has closed the Mont Blanc tunnel has hiked prices by €30 or 5% this...
Sep 8, 20231 min read
31 August 2023: Middle market moves
Guess who’s back from their ‘olidays? And they’ve got their buying boots on, so long positions are being built on sweet whey. Even skim...
Aug 31, 20231 min read
14 August 2023: Cash & Carry
Whilst stocks of sweet whey still seem abundant, up with lower prices long holders will not put. In other words, processors and traders...
Aug 24, 20231 min read
18 August 2023: Groundhog Day
The market is still stuck in holiday season, there’s still a lot of stock about, and little is changing whilst brisk trade carries on....
Aug 18, 20231 min read
10 August 2023: Middle market blues
The seemingly insulated milk powder market carries on its sideways drift this week, whilst larger issues dominate proteins and both sorts...
Aug 10, 20231 min read
27 July 2023: What's going on?
I’m not crying over spilt milk, but still wondering how it can possibly continue to spill. Sweet whey dropped another €20 (-3.5%) on the...
Jul 27, 20232 min read
20 July 2023: "History is bunk ...
The famous and often misinterpreted statement by Henry Ford may chime with my resistance to the pseudo-science of predicting the future...
Jul 20, 20232 min read
6 July 2023: Milk powders ignore soya market on fire
In searching for this week’s picture, I was offered variously Trump, Biden, Johnson and even Sturgeon themes on the above, but my point...
Jul 6, 20232 min read
29 June 2023: Milk powder mountain still visible
The tectonic plates of supply and demand are continuing to push up where they join, with the stockpile not tangibly reducing, despite...
Jun 29, 20231 min read
22 June 2023: Expect the unexpected
Contrary to the usual MO, I want to look at the wider market before trying to make sense of milk powders. First of all, the daddy of...
Jun 22, 20232 min read
16 June 2023: Hot, hot, hot
I will admit my perspective is strongly influenced by my location this week, but the remarkable experience of searching for some shade...
Jun 16, 20231 min read
8 June 2023: Newton's Third Law ...
… concerns equal and opposite forces, but our milk powder markets remain in balance despite the force for increase being the greater....
Jun 8, 20231 min read
2 June 2023: The times, they are a-changing
… but slowly. Sweet whey rises 3% (up €20) and skim milk up 1.5% (up €40). That’s the headline market, prices provided by sellers to...
Jun 2, 20231 min read
25 May 2023: Where's Wally?
Actually, I was going to entitle this week's Milk Monitor ‘Crowded Market’, but couldn’t resist this image. The theme is that there seems...
May 25, 20231 min read
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