1. ITV Report

Milk deal struck

Dairy farmers and processing farms have struck a deal in principle to end a bitter stalemate over milk prices.

The two sides met at the Royal Welsh show after tense days that have seen several dairy factories being blockaded.

After hours of talks both sides have agreed to a new voluntary code of practice. From there, Ruth Wignall reports.

As Ruth explained, the finer points of today's deal still need to be finalised, but one part of the agreement is that in future contracts between dairy farmers and dairy processers will be freely negotiated and fairer.

It also says that individual farmers can negotiate contracts, but one farmer we spoke to today in Cumbria says the key to things working longer term is for more farmers to work together to get a better price.