DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jun 11, 2013 04:11 PM CDT

June through September milk contracts ended their run higher, reversing despite barrels remaining higher and keeping an inverted block/barrel spread. The fact that early cheese price gains did not hold sent a ripple of selling through the pit primarily in the closer months. There is no indication milk prices will fall apart again unless cash price trend lower. Milk prices have not been expected to move very much for a period of time due to strong production and adequate supply. USDA will release their estimates for grain production and supply Wednesday at 11 a.m. Central Daylight Time. This report ...

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