Whilst the rich aren't getting richer (but didn't expect to), the poor got unexpectedly poorer. The two houses of skim and whey diverged again this week, with skim inexplicably holding steady and whey sliding €20, again without fundamental justification. Whilst skim milk has stocks, whey doesn't, so I fear for a continued divergence being sustainable.
Currency's going gangbusters, though. It's rather bizarre that the Brexit press, which (with the exception of the Morning Star) represents the monied classes and business, is howling with outrage about Romeo and Juliet meeting across the barricades, as though this was a matter of national emergency, whilst the clever money is backing sterling all the way for an increasingly soft Brexit.
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