NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 9, 2013 04:29 PM CDT
Milk

Milk futures were recipients of some whipsaw action Tuesday. Higher prices quickly turned lower finally turning back to mixed by the end of the day. Traders are trying to anticipate cash movement resulting in quick, short-term trades in the attempt to outguess the market and capture a small profit. The volatility is necessary to take advantage of pricing opportunities for hedgers. The jump in cash and futures prices last week attributed to hot weather in the West and Southwest was short-lived as current fundamentals do not project to long-term strength as a result of current milk production declines in ...

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