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UK dairy farmers are expected to receive at least 28p per litre in July, the highest July price since 2014. Wholesale butter and cream prices are climbing, with prices possibly reaching 30p per litre in the coming months.
Restrained supply after prolonged wet weather has left the European spring flush almost non-existent.
Weather-limited European milk supply is tightening dairy markets and pushing up prices, which raises the cost of dairy feed ingredients.
fwi.co.ukJack YatesJun 20, 2018After 32 past bullish weather events, Milk (Class III) moved a median +0.1% over 5 sessions (50% higher; middle half -0.7% to +3.4%), and +3.2% over 20.
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.
