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UK dairy commodity prices rose in February, with butter up to £4,300/t from £3,660/t, cream up £300/t, and cheddar up £100/t. Skim milk powder fell £36/t to £1,130/t, and analysts forecast an actual milk price equivalent of 26.9p/l.
Stronger butter and cheese prices support milk payments and dairy demand, while falling skim milk powder adds pressure on protein-based dairy feed ingredients.
farmersjournal.ieKieran MaileyFeb 28, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
