The Outlook
Posted on: 19/10/19
The good news is that in the past couple of weeks cream values have risen by around 30p equivalent to over 2ppl in liquid value.
The FCStoneMilkprices.comUKMFE forward prices point to firmer prices for both butter & SMP however the continual recovery in the value of sterling is cancelling out most of the uplift.
Meanwhile both AMPE & MCVE continue to drift South and allowing for a 2ppl AHDB deliver/collection cost from the farm to the dairy results in a farmgate AMPE or 25.66ppl and MCVE 27.93ppl excluding any processor margin.
Meanwhile GB milk production is heading for a 29 year high as the milk pours out particularly it appears from Scottish Dairy farms.