top of page
Greg's Milk Monitor.png

 

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. Fifty-four years later, I am still musing on the dairy industry,
with an irreverent view of politics and currency ..." Greg Dunn

​

Search
    • Dec 13, 2018
    • 1 min read

13 December 2018


Sweet whey stands on unchanged, despite good stocks, with the only shortage being transport in the rush up to Christmas. It is reasonable to expect it to fall way when the January blues set in, and there aren’t any obvious pointers that could see it rise.


However, skim milk powder is still seeing a classic case of contra-trading, where everyone goes and sits on the same end of the see-saw and is surprised to see the other end go up. It remains firm, despite the sale of 20,000 tonnes of intervention stock last week, leaving 190,000 tonnes unsold, and the middle market that forced prices up would have us believe there’s a shortage…….


Currency? I’ve already lost one fortune second-guessing that beauty, so if I think that sterling will bounce the moment we see some prospect of parliament voting through an adapted backstop Brexit deal, you’re probably best advised to buy your forward sterling now……..

 

BDC agri is the UK broker for Lacto Production milk and whey powder products. For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com

    • Dec 6, 2018
    • 1 min read

6 December 2018


Sweet whey powder is stable, with no sign of further increase, plentiful supply at the tail end of the Christmas cheese campaign is cancelled out by good demand, but stocks should weigh the market down in the new year. Famous last words!


The surprise is skim milk powder. Still 190k tonnes in intervention, 26k tonnes sold out last week, and yet the market rises! As Sylvain at Lacto Production says, 'Traders do their job'.


As stocks are still best described as burdensome, surely the SMP market has to dip in the new year?

 

BDC agri is the UK broker for Lacto Production milk and whey powder products. For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com

    • Nov 22, 2018
    • 1 min read

22 November 2018


The milk powder market bull run has turned out to be more bull than run, with profit-taking already (seemingly) scuppering some traders plans to take it higher.


Plentiful stocks of whey in the Christmas cheese production run, underpinned by unsold intervention stocks of skim milk powder have weighed on the price rise straight after someone lit the blue touchpaper.


Lacto Production feel that we may have to live with these levels until late December before a probable decline, so it is probably worth throwing in the towel now if you have any Q4 top up to do.

 

BDC agri is the UK broker for Lacto Production milk and whey powder products. For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com

bottom of page