date:Jan 21, 2013
04/cwt and $0.69/cwt lower than a week ago. MAY13DA futures closed at $18.32/cwt; up $0.05/cwt but $0.07/cwt lower than this time last Monday. Milk futures were mixed on steady-to-higher cash prices.
Consumer demand and buyer interest was not supportive. Higher grain prices will pressure milk prices via milk supply in the long term. Some droughty conditions are already noted in dairy producing states. Still too early to tell but producers will be decimated by another year like last year. Novem