NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Dec 30, 2013 04:29 PM CST
Milk

The all-milk price reached $21.80, up 20 cents from November and $1 higher than a year ago. Milk prices will close the year significantly better than earlier anticipated. It will be the second highest Class III milk price in history. The futures market indicates a higher January price than December, but we cannot yet be confident of this. January futures have declined 39 cents since Christmas from a steady block cheese price and despite an increasing barrel price. Barrel price weakness Monday sets a negative tone for the end of the year. Corn price in December declined 4 cents ...

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