NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon May 12, 2014 04:31 PM CDT
Milk

There is little change in fundamentals, keeping traders focused on spot markets. This provides limited price fluctuations unless there is a change in spot prices. Milk supply is moving around to find manufacturing capacity and willing buyers. As milk receipts increase, price is being offered at various levels. Price for this excess milk has been declining with some milk being offered as much as $3 under class. Cow numbers are increasing on farms as high milk prices are encouraging filling barns. Culling has slowed. Corn planting progress jumped 30 percentage points last week, moving corn planting to 59% complete. ...

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