NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jun 10, 2013 04:32 PM CDT
Milk

A stronger block cheese price supported milk futures enough for a mostly positive close. Traders are a bit nervous because of the limited interest in doing any cash business Monday. Buyers and sellers seem to be feeling each other out to see who needs to do business first. That will give the other the direction of movement. Buyers may have reached their limit due to the increases seen over the past week. USDA's Dairy Market News indicates strong milk production with manufacturing plant receipts heavy. There is a certain degree of concern over supply later this year. Not so ...

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