NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Apr 12, 2013 03:58 PM CDT
Milk

Milk futures have been locked in a sideways range for nearly the past month. There has been significant volatility, but it has been both up and down. Current underlying cash prices point to a Class III price of $18.46 and a Class IV price of $18.06. Reports of tighter-than-expected World milk supply have improved international demand for dairy products. Spot milk movement between plants and states is limited. Improved cheese and butter demand has manufacturers processing what they have as well as looking for more. Continued below-normal temperatures with periods of rain and snow have been experienced over the ...

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