NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 31, 2013 04:29 PM CST
Milk

Milk futures got a little shot in the arm Thursday with strength in barrels providing the catalyst for higher futures prices. Milk prices are not expected to continue to increase unless buying interest continues. Bottling demand remains flat in many cases while demand is improved is others. Greater retail demand has surfaced as they refill store shelves. USDA's January "Agricultural Prices" report indicates the all-milk price declined 90 cents for December to $20.00. The milk/feed ratio declined to 1.58, down from the December revised ratio of 1.66. The average corn price increased 11 cents to $6.98. Soybean price declined ...

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