DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jul 11, 2014 03:07 PM CDT

USDA reduced its expectations for milk output this year by 200 million pounds to the level of 205.9 billion pound. At the same time, they increased the expectation for milk output by 300 million pounds to 212.4 billion pounds. Class III milk price for 2014 was raised 15 cents to now average $21.15 while the average price for 2015 was left unchanged at $17.45. The estimate for Class IV was increased 45 cents to an average of $22.15 for this year and raised 5 cents to an average of $19.25 for 2015. The all-milk price was raised 30 cents ...

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