NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Nov 12, 2013 05:02 PM CST
Milk

Not much has changed in the market. Fundamentals indicate good demand and slowly increasing supply. This keeps the market balanced without the bottom falling out of prices. Seasonally, prices decline into the end of the year so a decline now would not be a surprise. Class I demand is steady with bottling demand beginning to show some sign of slowing as schools will be closed for a few days over Thanksgiving. It is difficult to determine how much milk will be diverted to manufacturing and whether premiums being paid for extra milk will taper off. All in all, milk ...

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