NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Mar 21, 2013 04:26 PM CDT
Milk

Traders have become quite excited over the past few days. Some reality returned to the market today as later contracts closed lower. Future prices significantly higher than $19 as some contracts finally received the attention of hedgers. Selling became more aggressive as higher prices provided attractive selling opportunities. Yes, it is difficult to step in front of a moving train, but those willing to do it stepped up to the plate. Milk supply is strong with spring flush getting under way. Bottling demand is steady with manufacturing strong. Increasing cheese prices are improving buyer interest for excess milk. Dairy ...

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