date:Dec 23, 2013
modity feeds, such as soybeans and corn, have fallen 10%-40% below prior year levels, opening up large margins for milk producers in intensive feeding regions.
Despite a small softening in prices in October and November, global prices have remained high due to an uptick in December. By mid-December, Whole Milk Powder (WMP) held above $5,000 per ton in fob Oceania trade, while prices of other key commodities rose between 3% and 5%, as Southern Hemisphere processors switched milk type towards the