DTN Closing Dairy Comments
Rick Kment DTN Analyst
Tue Aug 12, 2014 03:11 PM CDT

Firm support continues to develop through the milk complex with moderate gains developing and holding in nearby contract months. August and September milk contracts closed above $22 per cwt. This is the first move above the $22 per cwt level since early June. All contracts through November were able to sustain double-digit gains with September futures leading the market higher with a 26-cent-per-cwt rally. The firm support in both cheese and butter prices during the midday exchange-traded session helped to build the support. But traders continue to focus on the desire to build domestic supplies of dairy products in ...

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