Sweet whey is up slightly, skim milk unchanged.

The slight easing in physical sweet whey supplies glimpsed last week has dematerialised, with traders squeezing the market again, and pushing it up €10. However, there is evidence that sweet whey is pricing itself out of formulations, losing ground to derivatives (lactose and permeate), so the longed-for easing in whey prices should start soon into Q2.

It’s the same story with skim milk, only it’s producers that have pulled up the drawbridge and trying to squeeze the market higher, as spot supplies are still hard to get into the yard.

The pound bounced initially on the Budget announcement, but has drifted back to unchanged later on. Now the Chancellor is talking in trillions, I heard a sobering comparison this evening - If one pound equals one second of time, a million seconds lasts about 11 days, but a billion (a thousand million) lasts 33 years, and a trillion (a thousand, thousand million) lasts 33,000 years.

BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com