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Dairy Industry News and Features

Our Weekly News Bulletin is available by email. To receive it please email info@ipmsltd.co.uk.

^{Note, all standard litre prices are those quoted by www.milkprices.com and are based on the following:

The liquid standard litre 4% bf, 3.3% protein, 30,000/ml Bactoscans, 200,000/ml SCC, 1 million litres a year on EODC but before seasonality, monthly profile payments, balancing, B price additions, capital retentions or annual incentive schemes. The manufacturing standard litre is to exactly the same specification with the exception of 4.2%bf and 3.4% protein.}

^{Remember this bulletin continues to be available free of charge and takes the team at Ian Potter Associates considerable time to produce. The only encouragement to keep producing it is a combination of enthusiasm, tag sales & enquiries from our readers.} ^{All views expressed in this bulletin are those of Ian Potter Associates and a shed load of dairy farmers. It is necessarily short and cannot deal with various issues that arise in any detail. As a result it must not be relied on as giving sufficient advice in any specific case. Every effort has been made to ensure the accuracy of the content but neither Ian Potter Associates nor Lydia Clare personally can accept any liability for any errors or omissions. Professional advice must always be taken before any decision is reached. For our privacy policy please click here.}

03/01/19

The outlook for milk prices in 2019

All the signs point towards more than a glimmer of hope that farmgate milk prices might just be on the brink of stabilising. Futures prices are now posting small daily and weekly positive increases. In addition Intervention stocks of (aged) SMP are now reduced to only 100,000 tonnes from the 380,000 tonnes over hang in store only 9 months ago in March 2018.

03/01/19

GDT auction clocks up its third consecutive increase

Wednesdays first 2019 GDT Auction saw the average price up a further 2.8% which followed two previous auction increases of 1.7% and 2.2%. Since the recent low point off US $2727 tonne recorded on the 20th November the average has risen almost 10% to reach US$2826 tonne this week. In addition behind the numbers is the encouraging statistic that all product categories on offer recorded increases in their average sale price.

03/01/19

Pattemores Dairy (liquid) stand on for February

The Pattemore standard liquid litre price remains at 28.5ppl and based on a manufacturing standard litre 29.45ppl.

03/01/19

Meadow Foods

At the time of going to print Meadow have yet to declare their February milk price but given their previous track record as markets bottom out the smart money will be on them standing on at 27.5ppl for a standard liquid litre in February.

03/01/19

Glanbia (cheese) stand on again for February

Glanbia are one of the few milk producers who have held suppliers manufacturing standard litre milk prices at 29ppl for both January and February. The equivalent standard liquid litre price remains at 27.99ppl.

03/01/19

Grahams Dairies (liquid) stand on for February

The Grahams standard liquid litre price remains at 27.5ppl.

03/01/19

YEW TREE DAIRY (AKA Woodcocks) stand on for February

The Yew Tree standard liquid litre price remains at 27.5ppl.

03/01/19

Pensworth Dairies (liquid) stand on for February

The Pensworth standard liquid litre price remains at 27.6ppl.

03/01/19

Muller to stand on for February

The Muller direct standard liquid litre price will remain at 28ppl.

03/01/19

0.3ppl small milk price reduction for Co –operative retail store aligned producers from 1st February

This tiny decrease results in a standard liquid litre milk price of 30.01ppl.

03/01/19

0.5ppl milk price reduction for suppliers to Wensleydale (cheese) – from 1st January

This results in a standard manufacturing litre milk price of 29.45ppl and based on a standard liquid litre 28.5ppl.

03/01/19

0.5ppl milk price reduction for suppliers to Barbers (cheese) from 1st February

This results in a standard litre manufacturing litre milk price at 29.13ppl and 28.09ppl based on a standard liquid litre.