NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Sep 12, 2013 04:50 PM CDT
Milk

USDA reduced milk production by 300 million pounds this year, estimating production at 201.8 billion pounds. They did leave production for next year unchanged at 204.5 billion pounds. Class III price for 2013 was raised 10 cents to average $18 while 2014 was raised 55 cents to average $17.55. Class IV was raised 35 cents this year to $18.75 and raised 80 cents next year to $19.00. The all-milk price increased 10 cents this year to $19.80 and increased 70 cents next year to $19.90. It certainly is interesting to note that Class IV will be higher than Class ...

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