Brief Market Update
Posted on: 23/06/21
Spot Milk is trading around 23ppl.
Forward prices on the StoneXMilkPrices.com UKMFE chart have recorded their third consecutive weekly decline.
According to www.milkprices.com the UKMFE forward curve value has declined 1.14ppl in those 3 weeks with Butter and SMP down as well as a currency decline.
All of this converts to a net UKMFE return to farmers of 29.62ppl.
Finally BCMS report April 1st GB Dairy herd numbers down 2% (32,000) to 1.67 million head compared to April 2020. However, numbers of dairy replacements under 2 years old are up by 4% (+ 32,000) to 902,000 head.