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 firstname.lastname@example.org