NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Feb 1, 2013 04:42 PM CST
Milk

Milk futures turned higher during the last two day of the week triggered by an improved barrel price. Feed supply is dwindling rapidly on some operations with farmers scrambling to find supply and finding it, but at significantly higher prices. This is increasing culling as higher feed prices do not pencil out with lower milk prices. Overall production remains strong, but may temper a bit in the future. The jump in Class III futures Thursday and Friday brought in aggressive futures buying. Short-covering was the first wave with buying interest surfacing later. Many are convinced barrel cheese price is ...

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