NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Aug 30, 2013 03:56 PM CDT
Milk

Milk production is declining seasonally as well as being affected by hot weather. That should cease next week as temperatures are expected to cool. Many places could use rain to finish out the crops without suffering much yield loss, but not much is in store for in the near-term. The August milk/feed ratio was the best since November with a ratio of 1.69. This compares to the July ratio of 1.52. Corn price averaged $6.02, down 77 cents from July. Soybean price fell $1.50 to $13.80. Alfalfa hay price declined $9 per ton to $200 per ton. The all-milk ...

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