DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri May 3, 2013 03:45 PM CDT

It is a hard pill to swallow realizing the June Class III contract reached $19.66 earlier this week only to close at $18.91 at the end of the week. It is harder yet to understand why this happened due to cheese prices closing higher than last week. The logical explanation is the desire of the trade to take the excess price premium out of the market. Closing cheese and butter prices at the end of the week calculate to a Class III price of $18.49 and a Class IV price of $18.62. Of course daily price fluctuations will take ...

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