Things are looking a bit softer at last, as although skim milk hasn’t fallen this week, for the second week running, there’s a palpable feeling it has to fall, as stocks are available and if export demand was what drove the market higher, that demand seems to have run out of steam.
Whey, on the other hand, is responding to gravity, now the new year export demand has evaporated, down €20-30 across the board.
Sterling is still rather amazingly holding in the teens against the euro, given the shambles in parliament yesterday.
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