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UK dairy product prices have surged, with butter and SMP up 33% and 44% year on year and mild Cheddar up 18%. The market value of milk reached a five-year high in November, though cost inflation may disrupt how processors pass returns to farm milk prices.
Strong dairy product values signal firmer milk prices ahead, although processor pass-through may lag amid input cost inflation.
ahdb.org.ukNov 26, 2021Not 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.
