NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 2, 2014 04:28 PM CST
Milk

January and February Class III futures made new contract highs on buyer exuberance. Short covering was the order of the day as sellers last week liquidated positions. Trading activity in January and February contracts was good, with those being the most active months. USDA's Dairy Market News indicates milk production in the Central region to be stagnant or increasing marginally due to cold weather and feed quality issues. Milk supply is not quite as plentiful as anticipated for this time of year. Bottling demand is improving again as schools are back in session. Cheese manufacturers welcomed the extra milk ...

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