NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Feb 28, 2013 04:38 PM CST
Milk

Milk receipts continue to improve in many areas. There is sufficient plant capacity to handle the volume. Demand is termed as flat for both fluid milk accounts as well as manufacturing accounts. Milk futures contracts in closer months are in line with the underlying cash keeping volatility confined to the volatility of the underlying cash prices. New Zealand milk production is being impacted by hot and dry weather which has taken the edge off milk production. Production in December was seven percent above a year ago, but that has declined significantly since the beginning of the year. Dairy farmers ...

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