The whey market is on fire. Chinese pig production has returned to 90% of its former capacity, and whey is modest in its rise compared to $12 soyabeans, $400 meal and 40 cent oil. Physical offers of whey are scarce as traders ratchet the market ever higher, and lactose and permeate supply is virtually non existent. The Dutch market posts €20 higher, but on few trades.

Skim is the weaker leg, but still posted €10 higher this week, and supplies are available so not giving concern of sustained rises in Q1.

Sterling has wobbled within a three cent range this week, but is towards the top end today, just breaching €1.11 this morning, with some signs of progress in talks in Brussels.

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