NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Aug 26, 2013 04:54 PM CDT
Milk

Recent hot weather has been taking a toll on milk production in California and is now affecting production in much of the nation. The overall impact of this may be minimal as the end result, but nevertheless provides support at a time when there is greater demand for milk from both bottling and cheese production. It certainly is positive to price outlook when looking at Monday's gains. However, closing prices are no better than they were a week ago. Hot, dry weather certainly has grain futures soaring on the possibility of lower yields. Funds were covering sold positions as ...

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