NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jan 21, 2014 04:18 PM CST
Milk

There seems to be no stopping milk futures as long as the underlying cash continues to improve. It certainly appears February will set a record price unless cheese prices crash over the next three weeks and that is a big "if." Higher prices will increase the desire to push milk production if at all possible. However, that seems to be a challenge. Global Dairy Trade auction prices were higher in all categories except skim milk powder, which showed a decline of 0.5% to $4,698 mt, or $2.13 per pound. Whole milk powder price increased 0.1 percent to $4,943 mt, ...

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