OMAHA (DTN) -- Firm global milk prices should ease beginning in mid-to-late Q2 2014 and continue throughout the rest of the year, according to Rabobank's Global Dairy Industry Q2 Report.
January and February brought higher dairy prices with world milk production decreasing just slightly over that time. A small reduction in prices occurred in March, possibly indicating that prices will trend lower from the highs in the past year.
Global milk prices have increased in spite of recovering milk production in in major export regions in the last half of 2013.
Global milk production in the Big 6 export regions ...