NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Apr 25, 2014 04:09 PM CDT
Milk

Some areas of the country are seeing a surplus of milk supply as a result of weaker bottling demand. Restocking of store shelves is being done after the Easter season, but overall demand has slowed. There have been some recent increased orders for fluid milk with buyers intending to beat the increasing Class I price in May. The advanced Federal Order Class I price was announced at $24.47, up 82 cents from April. Commercial disappearance of dairy products during 2013 totaled 192.7 billion pounds, 0.2% below 2012. Butter disappearance was unchanged from the previous year. American cheese was up ...

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