NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Oct 23, 2013 03:48 PM CDT
Milk

Milk supply in the East is tight as bottling is active. Reduced milk production and good fluid demand leaves little extra milk available for manufacturing. Milk production and milk components are beginning to improve, but will take time to build supply and reduce price premiums required to purchase extra milk. Milk continues to be shipped into Florida with 178 loads going in this week compared to 117 a year ago. Milk production is improving in the South, which eventually should reduce the amount of milk needed to move into the region. November Class III futures closed at $18.55 which ...

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