NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jun 11, 2014 04:29 PM CDT
Milk

Dairy futures prices moved, but not as expected. Class III futures moved opposite the direction of spot prices, but such is the market. There was little news to dictate direction. Strong futures prices were just a matter of traders either attempting to take a profit out of the market or positioning themselves as adjustments were made relative to the underlying cash. USDA made very few changes to U.S. milk supply and use on the World Agricultural Supply and demand report. Milk production was left unchanged for 2014 at 206.1 billion pounds and 2015 milk production was left at 212.1 ...

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