Futures trades hit a 69 week low
Posted on: 25/01/23
www.milkprices.com have reported that the StoneXMilkprices.com UKMFE forward curve has hit a 69 week low with February to September 2023 now showing a net return to a producer from butter/powder values of 28-29ppl and still weakening.
The StoneXMilkprices.com UKMFE Nett return to a producer stood at 34.85ppl on 10th January. By the 23rd that figure has reduced to 30.35ppl and today its below 30p.
The www.milkprices.com spot milk average price for December fell to 36.12ppl nett return to the producer ex farm.