NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Aug 8, 2014 04:36 PM CDT
Milk

Class III milk futures put in their highs on Monday and basically weakened the rest of the week, ending below price levels of last week. One would have thought futures would have held gains as cheese prices increased substantially during the week. It seems that outside world news had an influence on traders' willingness to hold long futures positions through the week and weekend. World prices are expected to decline further as the ban on milk and dairy products into Russia from some countries may back up supply. This will take a while, but there is always an initial ...

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