DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jul 11, 2013 03:50 PM CDT

USDA increased projected milk production this year by 200 million pounds to a total of 202.0 billion pounds. USDA projects production to reach 204.5 billion pounds, unchanged from last month's estimate. Beginning commercial stocks were raised 500 million pounds while marketings were left unchanged. The Class III expected average price for this year was reduced 20 cents to $17.80 while the estimate for next year was slashed 40 cents to an average of $17.10. Class IV was left unchanged this year at $18.40 while the estimate for 2012 was reduced 10 cents to $18.20. The all-milk price average for ...

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