Both skim and whey are up about 2% this week (skim up €40, whey up €20), but a much smaller percentage than preceding weeks, as some buyers have retreated from what they suspect is a manipulated market.
However, there are few off-grade offers currently in the market, which is the usual bellwether for a collapse, so processors don’t seem to see this as the end of the bull run, and fat filled powders are also more difficult to find.
The soy complex is having a breather, as recent hot weather in the Midwest means it might not be quite the most enormous crop imaginable, so beans are back up over ten cents, meal is about even stevens but oil has slid back into the high 30 cent, as has palm oil, as exports to India have fallen out of bed in the last quarter.
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
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