NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Apr 16, 2013 04:07 PM CDT
Milk

Class III milk futures have been trading sideways over the last two weeks while underlying cash prices have been improving. Traders were cautious, anticipating a price plateau may be reached. It is unclear whether this is it, but the barrel price weakness could cause buyers to rethink their aggressiveness. The May contract has reached and closed above $19 for the first time since Sept. 19. The close was just shy of a new contract high, but it is knocking on the door of establishing that high. Global Dairy Trade auction prices were mostly higher, but the price decline of ...

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