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Milk Price Tracker
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<blockquote data-quote="frederick" data-source="post: 8965182" data-attributes="member: 11063"><p>It's no suprise. The unfolding of the current milk price situation has gone reasonably as expected and predicted.</p><p></p><p></p><p>It peaked at 50ppl. Demand dried up price dropped. People expected a drop to 40 ppl for the first half 23. What was got wrong is China demand has still fallen off a cliff this knocked another 5ppl off and stalled the recovery in the second half of 23. However milk price is now below cost of production in a lot of the world. This will curtail production.</p><p>This is already feeding into prices and future markets. In my view the traders have over egged it and production is going to drop further than they originally expected and that means a steeper recovery next year.</p><p></p><p>You just have to filter what you hear to make your own prediction.</p></blockquote><p></p>
[QUOTE="frederick, post: 8965182, member: 11063"] It's no suprise. The unfolding of the current milk price situation has gone reasonably as expected and predicted. It peaked at 50ppl. Demand dried up price dropped. People expected a drop to 40 ppl for the first half 23. What was got wrong is China demand has still fallen off a cliff this knocked another 5ppl off and stalled the recovery in the second half of 23. However milk price is now below cost of production in a lot of the world. This will curtail production. This is already feeding into prices and future markets. In my view the traders have over egged it and production is going to drop further than they originally expected and that means a steeper recovery next year. You just have to filter what you hear to make your own prediction. [/QUOTE]
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