The article quotes Ed Gallagher, Dairy Farmers of America's vice president of economics and risk management.
"We've got to do better yet," he said. "The market doesn't care what anybody's cost of production is. The long-run average price will just about equal long-run costs."
Margins keep tightening, and they're likely to tighten further.
Gallagher has the ability to know when butter has fallen $0.515 since the first of the month who did the dirty deed. DFA knows how easy it is to manipulate the CME - they got caught. DFA has not participated in the cash market since January 2009. CFTC has a person assigned to watch DFA at the CME. But, has DFA repented from their ways of leading farmers to think there is a real market?