NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jan 13, 2014 04:17 PM CST
Milk

January Class III milk continues to increase even though it is near being priced. Strong cash prices continue to improve weekly AMS average prices. Most contracts would have begun to flat line earlier than this in a less volatile market, but it has been difficult for the trade to anticipate price strength with price attempting to converge to cash. January milk prices will be the highest since November 2012. Steady cash prices for another month will push February higher than January. Current underlying cash prices suggest a February Class III price of $22.21 and a Class IV of $22.28. ...

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