NWF, the specialist distributor of feed, food and fuel, has issued an in-line trading update. As expected, warmer weather and lower milk prices are affecting volumes within Feeds and Fuels. Soft commodity prices (e.g. soya) are temporarily squeezing margins within Feeds. Offsetting these trends, Food enjoyed a +5% increase in loads. In addition, recent acquisitions are performing as expected. NWF appears to be delivering steady and (importantly) consistent growth in the business. Moreover, th ....