NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Mar 28, 2013 04:42 PM CDT
Milk

Most of the price gain realized yesterday in milk futures was virtually eliminated today. For the week, there was very little price change in milk contracts. Fundaments give little direction to the market with plentiful milk supply, schools closing for spring break, and spring flush increasing in intensity. Handlers do not feel supplies are burdensome, but just plentiful. There is some thought grain prices will not run away to the upside keeping milk production fairly strong. USDA released the "Prospective Plantings" report which indicates planted corn and soybean acres will almost be identical to last year. USDA expected 97.28 ...

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