NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jun 24, 2013 04:13 PM CDT
Milk

Current futures indicate July milk price could be near the lowest level reached this year in March. We certainly hope this will not happen, but steady milk production and growing inventory is not friendly to the market. Milk prices are not expected to fall apart, but lower prices may certainly be in store. Peak milk production has passed with hot weather affecting cow comfort and components in varying degrees. One thing that has been good is that even though days have been hot, temperatures have cooled sufficiently to minimize the effects on milk production. The corn crop is doing ...

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