AMPE/MCVE and The Market
Posted on: 07/07/20
National production continues to run lower than 12 months ago which is a blessing, meanwhile several milk purchasers are now regretting their instruction for producers to cut production.
Spot milk continues to trade in the high 20p’s, mainly 27 to 29ppl and has hit 30p plus recently, with allegedly the top prices being paid by the Dairy Industries least popular milk buyer, who is desperately short of milk.
Cream values continue to nudge North and trading at £1.40 to £1.41.
Butter, SMP and Mild Cheddar values all increased in June.
The AMPE value (see the table above) is up a staggering 4.8ppl in the month to 29.37ppl, whilst MCVE continues to nudge up and stands at 30.89ppl.
Both AMPE and MCVE stand higher than they did for June 2019.
Note AMPE is derived from the value of SMP and butter whilst MCVE is derived from mild cheddar and whey powder/butter values.