NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Apr 9, 2013 04:26 PM CDT
Milk

There is an uncertainly in the market. Cash prices continue to increase as buyers are trying to outbid each other in the attempt to procure supply. The perception is that export demand will continue to increase eventually tightening supply. Increasing world prices allows domestic prices to increase. All eyes will be on the next Global Dairy Trade auction to see if another double-digit percentage increase will be seen. If this is realized, cash buyers will continue to remain aggressive. New Zealand's milk production has suffered in the month of March with estimated of production down 30% from last year. ...

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