NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Dec 3, 2012 04:29 PM CST
Milk

The December Class III price is basically half-priced and indicates a decline of about $2.00 from the November price. Federal order prices will be announced on Wednesday with November Class III futures indicating a price of $20.78. Tomorrow is the last trading day for futures and options. The December price falling nearly $2.00 below November is certainly not something to look forward to. Grain prices do not seem to be following milk prices lower which will impact the milk/feed ratio. The latest ratio of 1.79 is the best ratio seen since December 2011. For now it looks like this ...

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