NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 9, 2014 03:39 PM CST
Milk

Class III milk futures had their first "down day" of 2014. February through May futures lost 19 to 38 cents each as traders reacted to the sharp jump from the previous day. From this point forward, any changes to milk futures will likely see limitations until cheese price does something. Cheese is the biggest topic right now amongst the industry, with lots of speculation on whether price needs to be as high as it is and for how long it can be sustained. All eyes will be on the cash cheese market Friday. Exports of dairy and products totaled ...

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