NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jul 31, 2015 04:28 PM CDT
Milk

Fundamentals are little changed, but there is a bit more volatility again. Cheese and butter prices increased over the past two weeks, but futures prices in closer months are about where it was then. Later contracts are actually lower and continued high prices potentially mean lower prices in time. Milk production continues to outpace last year as farmers push production to make up for lower prices. Bottling demand will increase substantially over the next few weeks reducing the amount available for manufacturing. This will relieve plants of their busy schedules, but will cheese prices this high and demand strong, ...

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