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AHDB expects UK milk prices to come under pressure early in 2018 based on futures and announced changes, with pressure continuing through spring as production rises and fat prices fall from late-2016 highs. It also said the EU is moving skim milk powder intervention stocks to a tender process, which could push SMP prices lower.
Rising spring milk output and EU intervention sales weigh on dairy product prices and farmgate milk returns. Gradual absorption of old stocks limits how far SMP can fall.
poandpo.comJan 4, 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.
