NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Sep 10, 2013 04:08 PM CDT
Milk

USDA will release its World Agricultural Supply and Demand report Thursday, providing estimates for milk and product prices next year. It will also provide estimates for grain prices and ending stocks, which will set market direction for a while. Many believe corn and soybean production will be trimmed due to the hot, dry weather experienced the past few weeks. The uncertainty keeps volatility alive and well. October futures were able to close above $18 again. This is a level at which it has been spending time on both sides over the past weeks. December spent some time over $17, ...

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