NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Aug 15, 2014 04:26 PM CDT
Milk

The biggest fundamental change seen this week is the fact that more milk is being utilized by bottlers. Schools are and will be opening, requiring milk to supply school accounts. This is seasonal and was expected. Plants have been negotiating fluid contracts the past few weeks in preparation. Tightening of manufacturing milk supply has increased the desire of cheese buyers to step up and purchase what they can for upcoming demand. This has resulted in a leap-frogging effect as buyers attempt to outbid each other for available supply in the daily spot market. The result has been a substantial ...

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