“How long can this keep going on”

As the Hillbilly Brooks and Dunn song Lyrics go How long can this keep going on?

During June wholesale Dairy prices continued to rise.  Butter, SMP, Cream, Mild Cheddar all increased and as above these increases translated to record AMPE & MCVE prices.

According to AHDB on a weekly basis GB deliveries are down 3.4% compared to the same week in 2021 (11^th June) and cheddar stocks are almost non-existent which is extremely unusual immediately after the flush.

Just to paint a balanced view Dairy futures trades as monitored by www.milkprices.com eased a little in June as some resistance to the higher prices was detected.  Similarly liquid processors are starting to see signs of consumer reaction to increased prices both in hospitality/catering and at retail levels.

 

As one switched on farmer commented to Ian the question we should be asking is how long will farmgate prices stay at this level NOT how high will farmgate prices go.