NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Feb 6, 2013 04:15 PM CST
Milk

It was a good strong close for milk futures. Follow-through buying is expected overnight and into tomorrow as market participants digest the movement of cash and futures. Could it be that a change in trend is beginning to take place? Time will tell. Traders are cautious due to unchanged fundamentals. Milk production remains strong with cheese and butter supply readily available. The state of Florida sent 20 loads of milk out of the state this week. This is down from 91 loads sent out during the same week a year ago. Areas of continuing drought are getting more interest ...

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