Are dairy markets overly optimistic?

No activity in the cash cheese markets on Monday, butter lost a nickel on one uncovered offer and cash nonfat dry milk slipped a half-cent on 9 sales on the Chicago Mercantile Exchange.

The real story behind the UK milk crisis

I have just been for a quick visit to the UK, which has a dairy industry about 35% bigger than the Australian industry and is one of the key players in the EU’s sector, writes Steve Spencer.