Futures trades continue to head South
Posted on: 02/12/22
The Stone X Milkprices.com Net UKMFE return to producers (allowing for haulage and processor margin) continues to head South with the latest posting from www.milkprices.com headlined as “another dreadful week.”
This was with reference to the last week in November which recorded a total net return to a producer of only 33.28ppl a drop of 1.52ppl in a week. This comes only 9 weeks after the record high of 49.42p (UKMFE total Net) and is almost exclusively down to record breaking milk output and the knock on effects.