NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 23, 2013 04:25 PM CDT
Milk

Limited impact was felt in milk futures from the cold storage report released Monday. However, it likely kept futures from jumping higher after barrel cheese price increased. Traders have not thrown in the towel thinking milk prices will continue to decline due to steady to higher overall milk production and lowering corn price. One gets the feeling milk prices will be range bound for the rest of the year. Hay prices are coming down from its lofty levels, but prices still remain higher relative to what they had been in the past. We have just become accustomed to paying ...

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