DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri May 2, 2014 03:03 PM CDT

Class III milk futures closed lower during the last session of the week, but trade could be described as almost hesitantly lower. Trade activity was lighter in deferred contracts, and traders appear hesitant to allow milk futures to move to far below the cash prices. May futures are partially priced already, but June is currently at $21.55 per cwt and the cash prices at the end of the day equate to $21.72 per cwt, leaving June at a slight discount. In the end, May-September contracts were 10 to 27 cents lower than the previous day. Manufacturing milk supplies are ...

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