NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jul 22, 2013 04:44 PM CDT
Milk

Class III futures are choppy and seem to be establishing a sideways trading pattern. Perceptions continue to drive the market up and down with prices then reacting to the underlying cash. Assessments are being made over the loss of milk production during the past few weeks as various areas of the country experienced hot weather. Milk supply and components are lower as a result. Production is slowly coming back, but not expected to move back to previous levels. Bottling demand has been steady with limited extra loads of milk available to the spot market. That which is available is ...

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