NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jun 7, 2013 03:29 PM CDT
Milk

August and September Class III milk contracts were able to close above $19 again following the strength in the underlying cash. Most of the other contracts have rebounded somewhat, but yet not enough to change the trend, according to the futures daily chart. Manufacturing milk supplies are increasing as most schools are now closed for the summer. Milk production seems to have peaked for the season with some areas still increasing a bit. Production is declining in the West as temperatures heat up. The Southeast is experiencing heavy milk volumes with nearly all available capacity utilized. Many areas have ...

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