NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jul 17, 2013 03:20 PM CDT
Milk

Class III milk futures strained under selling pressure sparked by the price rally Tuesday that sent front-month contracts to one-month highs. Losses were limited to 13 cents (in the September contract) as strong global prices on Tuesday’s GDT auction seemed to keep some sort of bottom. Front-month August declined 9 cents to $17.99, which leaves the price holding 78 cents premium to the current cash prices. Milk Production for June will be released by the USDA Friday but producers are already talking about the July report because heat stress was limited to the West until early July when it ...

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