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 ..." G
reg Dunn


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


You may have seen elsewhere the market has leapt €50 on sweet whey. Quite why is a harder question to answer.


Just about every milk powder company in the world was at Eurotier, and as is the way with exhibitions/conferences/bourses, traders whip up a frenzy that is invariably a bull market. Sylvain at Lacto Production tells me this hike has been triggered by traders marking prices up, while supplies remain abundant.


Apparently the German market has not risen, while the Dutch market hit the gradient. So his view is that it is traders needing some movement, either up of down, to position themselves with a long/short position to widen out what they see as a worthwhile margin.


He may, of course, be wrong, but his batting average has been quite consistent over the past couple of years.


One other thing, everyone was hitting the Lacto stand looking for WPC35, so the shortage is now a famine.

 

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


Today's distilled wisdom. Only two chunks of definite news, one that WPC35 has gone through the roof, as there is a shortage Europe-wide, and two that there was successful sales of 20,000t SMP from intervention at €1231 per tonne, leaving the CMR market flat and whey with it.


No other pointers that I can see, the Dutch market is still flatlining. No other news.

 

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