NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 30, 2013 03:24 PM CDT
Milk

Milk trade was split at the end of the day, higher in all of the remaining 2013 contracts and lower in 2014. This is the second day of mostly split trade. Milk futures in the 2014 calendar year contracts have fallen under harsh pressure during the past three days as lower grain prices lend to the idea of higher milk production. Corn and soybean prices moved lower as growing conditions and weather forecasts improved. Grain crops are not entirely out of weather-related danger, but prices have moved lower. November soybeans traded as high as $12.96 per bushel one week ...

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