NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jul 10, 2013 04:21 PM CDT
Milk

It appears cash markets are beginning to establish a range. Higher prices bring in more aggressive selling while lower prices bring in buyers. The price range is narrow with buyers and sellers who need to do business taking advantage of only limited price swings. Class III futures tried to regain much of what had been lost since early last week, but were unable to hold those gains. Temperatures are heating up in the Southeast, affecting milk output. Class I needs are being met while manufacturing milk supply is dwindling. Components are declining, reducing cheese yield. However, sufficient quantity is ...

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