NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Aug 28, 2014 04:09 PM CDT
Milk

Profitability improved this month with the milk/feed ratio increasing to 2.56, the highest since March. This compares with 2.36 in July and 1.68 last year. This puts income over feed costs at $14.44, up $1.01 from last month and the best since April. The all-milk price increased 40 cents to $23.70 per cwt. Alfalfa hay price declined $7.00 per ton to $209.00. The average corn price dropped 35 cents to $3.70. Soybean price declined 90 cents per bushel to $12.20. Ag Secretary Tom Vilsack announced Thursday that the signup for the new Dairy Risk Management Program will begin September ...

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