DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jan 24, 2014 03:55 PM CST

March and later Class III futures closed lower than last Friday despite the significant improvement of cheese prices. Traders are very concerned with current high prices and the impact it will have on demand. Milk production showed some improvement this week overall, but cold weather in some areas of the country will keep production from increasing further until this is passed. Fluid milk demand is steady with reports of manufacturing milk supply slowly increasing overall. December dairy cattle slaughter totaled 257,000 head, up 8,000 head from November and down 2,000 head from a year ago. The February Class I ...

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