NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Sep 6, 2013 04:03 PM CDT
Milk

Milk prices are running at a premium in many locations. Heavy pulls from bottlers keeps milk supply to manufacturers confined to contracted supplies. Extra milk is running upwards of $2.25 over class. Some plants are willing to pay the price while others find this a bit too steep at the present time and are willing to cut back on manufacturing time. Class III futures closed under significant pressure with many contracts posting double-digit losses. October and November futures closed lower than the week before even though blocks increased 2 3/4 cents and barrels gained 3 cents. The goal of ...

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