Tuesday, May 4, 2010

Fonterra SMP Auction Price

The latest Fonterra Internet auction was held today. The average whole milk powder was down 1% while the average anhydrous (butter oil)was up 4%.

Skim milk powder (SMP) average was down 1.4%. Actually, nearby (July 2010)contracts were down but, August through October 2010 were up 1.8% at $1.81 per pound.

For comparison, the most recent NASS price (April 30, 2010) for NFDM was $1.18 per pound.
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3 comments:

  1. AnonymousMay 5, 2010 at 7:47 AM

    The rape of the American farmer just continues.

    ReplyDelete
  2. SkipMay 5, 2010 at 9:13 AM

    Todays release of the California weighted average for week ending 4/30 is $1.11 on volume of 12 million lbs with no CCC sales. Hold her down boys!

    ReplyDelete
  3. AnonymousMay 6, 2010 at 4:36 AM

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=amoXfUdOjbD8
    OFT Cuts Dairy Fines After Dropping Some Allegations

    ReplyDelete

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