NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Feb 14, 2014 04:10 PM CST
Milk

Milk futures from February through August actually closed higher this week than last week despite a substantial decline in cheese prices. Both cheese and futures are attempting to close the price gap held between them. Of course, front months show the greatest gains as prices will need to converge more quickly. Futures generally show higher prices in late summer and fall contracts, but currently show an inverted or discounted market. The anticipation is that prices cannot remain at current levels for the duration of the year. Milk production is improving in the country despite lingering adverse weather conditions in ...

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