NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Apr 2, 2013 04:36 PM CDT
Milk

Milk production is strong in much of the country, but this is not having a negative impact on milk prices at the present time. Demand is not strong enough to propel prices higher either. This keeps traders guessing and the market choppy. It was good to see futures contracts rebound today, but the rebound merely gained back some of the losses experienced over the past few days. All in all, the market is sideways. Buying support today came from higher prices on the Global Dairy Trade auction. The overall trade weighted average increased 14.2% over the previous event. Whole ...

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