NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Feb 25, 2014 04:10 PM CST
Milk

Class III futures closed as much as 51 cents lower with April showing the greatest loss. This is currently viewed as a market correction and not the evidence of any fundamental surfacing Tuesday. Dairy farmers are trying their best to increase production by holding onto cows as well filling barns in order to take advantage of high milk prices. Replacement costs have increased as demand for them has increased. At the same time, cull cow prices are high and decisions to cull cows are being weighed with greater thought than usual. U.S. farmers are not the only ones who ...

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