Greg's Milk Monitor 27 February 2025: A wider world view
At least the skim milk market has officially lifted €20, giving me a slight shred of credibility in maintaining that the real market is significantly higher than the published one, but it’s same old, same old for sweet whey, unchanged for the seventh unbelievable week. No real changes on other products, WPC is still being withheld from the market and fat filled whey is up again as coconut oil is still heading into the stratosphere.
Looking at the world view, sweet whey is continuing its collapse in the US, but that isn’t doing anything to pressure the still bullish EU pricing.
Most cheeses are still putting on a stellar performance, as the cheddar graph below shows.
The bullish expectations of the whey market traders are underpinned by the significantly higher raw milk prices through last year, but they have come off the boil slightly this January.
Turning to skim, we see the butter market starting to slide, perhaps leading the downturn in farm gate milk prices in Europe, but the commensurate rise in skim milk powder is perhaps overdone?
BDC agri is the UK broker for Lacto Production?milk and whey powder products.
For further information and prices, contact Greg Dunn on 01206 381521 or [email protected]