NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Oct 4, 2013 04:12 PM CDT
Milk

The silence of USDA during the government shutdown is having increasing impact on the dairy industry. Agricultural Marketing Service reports are nonexistent. Weekly prices have not been released, creating some difficulty for plants and companies trying to set prices for their products. So, market participants will be flying blind for a period of time until the government decides to adopt a budget and get back up and running again. CME raised the margin for Class III milk contracts by $175 due to less trading activity and the potential for greater market swings. I am a bit surprised at this ...

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