NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Apr 1, 2013 04:31 PM CDT
Milk

There is not much news or change in fundamentals over the last week leaving little direction for traders to follow. The Global Dairy Trade auction will take place Tuesday, giving further indication of world price strength. This may have an impact on cheese and butter buyer interest. Lower grain prices certainly could have implication on milk production as the year progresses. A better milk/feed ratio could improve overall milk production. The U.S. City Average Retail Price of whole milk in February was 4 1/2 cents per gallon lower than January at $3.48. Manufacturing milk supplies have increased with most ...

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