Milk Monitor 27 June 2025: Hidden dip

Yet again, the published market conspires against my considered opinion, as we see an alleged and whopping 1.5% come out of skim milk prices, down €40 to €2390, but there’s still the anomaly with edible grade, which fell €50 to a €10 discount to feed grade! But we are in the foothills of the silly season of July and first half August, so I see this drop as an adjustment rather than a precipice, and changing market sentiment in August is rumoured. Skim milk production has started its annual decrease, following the trend of the last two years post Ukraine, which usually supports a late summer rally.

Sweet whey quoted unchanged, but still the same market conditions exist, with a €70 differential between Brittany and Netherlands.

Not much else going on, crude oil is back down to the old world order after the presidential profanity established a Middle East ceasefire. Soya is on a mild down track after better rainfall for the Midwest, but nowhere near tracking crude oil vis à vis biofuel, and ditto palm oil. Sterling continues to underwhelm global investors.

BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 07801 308054 or greg@bdc-agri.com