NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Dec 10, 2013 03:03 PM CST
Milk

Milk futures closed lower Tuesday, which is one day after achieving contract highs for much of early 2014. Weakness resulted as a combination of sellers jumping at the new highs and the overall feeling that cheese price support is near a seasonal end. January through June milk futures closed an average of 6 1/2 cents lower, with February losing the most at 11 cents. Milk trade is somewhat flighty right now as the market waits for solid direction from cheese. Traders know how cheese historically acts during December and they seem to be trying to anticipate the next move. ...

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