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<blockquote data-quote="J and L" data-source="post: 188508" data-attributes="member: 3494"><p>I watch milk prices constantly. Today is good day at the Merc. I am absolutly sure milk prices will be lower than last year. How low is the question? From what I read production is up however consumption has kept right up with it. This time of the year is terrable for market direction so with close supply and demand, the higher production figures and the usuall "spring flush" mentality, the futures price has just sliped away. I believe prices will strenghthen to 12.00 in late spring and maybe another .50-1.00 by fall. So much depends upon the summer heat and feed supplies. I am probably waaaaaaaaaaay wrong!</p><p></p><p>Jerry</p></blockquote><p></p>
[QUOTE="J and L, post: 188508, member: 3494"] I watch milk prices constantly. Today is good day at the Merc. I am absolutly sure milk prices will be lower than last year. How low is the question? From what I read production is up however consumption has kept right up with it. This time of the year is terrable for market direction so with close supply and demand, the higher production figures and the usuall "spring flush" mentality, the futures price has just sliped away. I believe prices will strenghthen to 12.00 in late spring and maybe another .50-1.00 by fall. So much depends upon the summer heat and feed supplies. I am probably waaaaaaaaaaay wrong! Jerry [/QUOTE]
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