cancel
Showing results for 
Search instead for 
Did you mean: 
jrsiajdranch
Veteran Advisor

From the parlor pit 6-1

WOW!

 

 

 

 

 

WOW!

 

 

 

I can not believe it Here is the results of the latest fonterra auction.

 

 
 
 Trading Event 45 was held on Wednesday 1 June 2011 
 Summary of Results
Number of Qualified Bidders338
Number of Participating Bidders146
Number of Winning Bidders80
Number of Bidding Rounds12
Duration of Trading Event (hours:mins)4:01
Minimum Supply (Total MT)17,188
Maximum Supply (Total MT)18,038
Quantity Sold (Winning MT)18,014
Average Winning Price (USD/MT, FAS)$4,306
Change in GDT-TWI™ Price Index from Previous Event4.5%
GDT Trade Weighted Index Changes

 

 
 Price Changes from Previous Event
Changes in Price IndicesContract 1
(Aug11)
Contract 2
(Sep11-Nov11)
Contract 3
(Dec11-Feb12)
All Contracts
Anhydrous Milk Fat (AMF)8.6%4.1%6.1%6.2%
Butter Milk Powder (BMP)n.a.n.a.n.a.n.a.
Milk Protein Concentrate (MPC70)n.a.n.a.n.a.n.a.
Rennet Casein (RenCas)n.a.n.a.n.a.n.a.
Skim Milk Powder (SMP)10.8%17.5%9.7%12.9%
Whole Milk Powder (WMP)-5.7%-4.0%-0.4%-3.0%
All Products (Trade-Weighted)2.8%5.4%4.4%4.5%

 

 

 

 

 

 

 

 

 

 

 

 

MORe thoughts late. Gotta go back to putting up hay, rip[ping up some hay ground, spraying corn. Man there ain't enough hours in the day!  Oh yea gotta milk the cows to!

0 Kudos
1 Reply
jrsiajdranch
Veteran Advisor

Re: From the parlor pit 6-1

That SMP price is really scarry. That translates into big demand for our NFDM. if this keeps up milk is gonna really take off. I have been thinking this thing has lots of up but we will see.

0 Kudos