NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jan 8, 2014 03:30 PM CST
Milk

Volume of Class III milk futures traded on the CME was notably higher Wednesday. February alone traded more than 825 contracts, which is nearly three times more than an average day had been. Deferred contracts also had heavier support and volume. New contract highs were achieved in all 12 contract months for 2014 as traders try to keep up with the higher cheese prices. Fluid milk production has seen mixed changes in the past week, depending on what part of the country you look at. The Southeast region has seen an increase in production due to weather, while parts ...

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