LIVESTOCK MARKETS: April milk production shy of expectations

LIVESTOCK MARKETS: April milk production shy of expectations

USDA report doesn't add support to bring dairy futures prices up from current lows.

The U.S. Department of Agriculture’s April “Milk Production” report showed that production in the 23 major U.S. milk-producing states during April totaled 16.8 billion lb., a 1.2% increase over April 2015.

According to Robert Chesler, INTL FCStone vice president of foods division, three opinions seemed to be emerging on the USDA report: bullish, neutral and "will most certainly be revised." While the report really could have pieces of all three of those opinions, he said the 1.2% i

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