NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Dec 10, 2012 04:54 PM CST
Milk

The slight increase in Class III milk futures is not indicating much. It could be a little buying interest in case cheese and butter prices have set a bottom or maybe a little profit-taking after the steep decline last week. Traders are not expecting much and continue to trade contracts for the short-term taking a little profit if one is available. Slowly improving milk production is offsetting most of the decline in cow numbers minimizing the overall impact of the declining U.S. herd. Production is sufficient for bottling and manufacturing demand eliminating the concern over any shortage for the ...

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