BANG.
Australian farmgate dairy prices are high but global prices are dropping - see latest GDT results below.
BFC bounced yesterday - Why??
Most other Aussie milk processors/marketers have been dropping - BGA, NOU, TFL, BUB and A2M.
Aus milk dynamics suggest pending oversupply of Processor milk (not fresh market supply) that will be too costly for processors to buy.
BFC plays in both Domestic and Global markets as a commodity supplier and price taker - very vulnerable

Event Results Global Dairy Trade Event 335 concluded with the GDT Price Index down 3.3% Key Results AMF index down 3.4%, average price US$4,579/MT Butter index down 10.3%, average price US$4,842/MT BMP index down 11.4%, average price US$2,189/MT Ched index down 3.1%, average price US$4,386/MT LAC index not available, average price not available SMP index down 6.0%, average price US$2,525/MT SWP not offered WMP index down 0.4%, average price US$3,149/MT Full results have been published on www.globaldairytrade.info. For more detailed results, subscribe to a GDT Insight Market Pack to download a wide range of historical data, plus up to date sold quantities and number of bidders by region.