NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Oct 7, 2013 04:10 PM CDT
Milk

There is growing concern over the downside potential of milk price next year. Futures already have lower prices factored in, but the current rate of inventory decline and milk production increases may put added pressure on these prices. There are sufficient replacements available at reasonable prices resulting in cow numbers increasing. Lower feed prices will increase the desire to add cows and keep production strong. Exports need to remain strong in order to keep product moving. Grain traders are becoming concerned as the World Supply and Demand report scheduled to be released Friday is not going to happen. The ...

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