NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Apr 9, 2014 04:47 PM CDT
Milk

USDA increased their expectation for milk production 400 million pounds to a record 206.1 billion pounds, up 4.0 billion pounds from 2013. This would be an increase of nearly 10.0 billion pounds from 2011. Commercial exports on a fat basis use increased 300 million pounds from last month while exports on a skim solids basis use declined 500 million pounds. USDA increased the estimate by $1.45 from last month to an average of $20.65. Class IV price was raised 65 cents to an average of $21.35. All-milk price was raised $1.10 to an average of $22.80. These would all ...

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