Analysis Milk
Dairy market in the grip of a summer dip
The dairy market is clearly experiencing summer weakness in mid-July. Moreover, the pressure is greater than expected. Milk fat prices, in particular, are plummeting, and this is also dragging down cheese prices. The raw material value of milk has fallen below the selling price for a few weeks now. This is eroding milk prices, despite the fact that the underlying dairy market isn't particularly weak.
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