NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Aug 27, 2013 04:15 PM CDT
Milk

Milk futures continue to remain volatile as dairy market fundamentals, outside market fundamentals and cash markets continue to impact traders. Seasonality would suggest milk prices should move higher as greater demand for milk to schools competes with manufacturing. However, milk supply is sufficient to meet current demand with excess milk availability nearly non-existent. Support stemming from recent hot weather may be temporary as the perception of tighter supply wanes once cooler weather again returns. July has an extended period of time during which temperatures were hot and uncomfortable both day and night. This round of hot weather is not ...

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