NEWS
DTN Closing Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Nov 20, 2009 04:49 PM CST
Milk

Class III futures increased impressively. December and January contracts gained 52 cents and 51 cents respectively. The first half of 2010 gained an average of 33 cents. May through October contracts established new highs as a result of the buying interest. The December Advanced Class I price mover is $13.99, an increase of $1.13 from November. This is the highest it has been since January and eliminates an MILC payment for December. Processors feel they will not have any difficulty handling milk over the Thanksgiving holiday due to lower milk receipts. Higher volumes of milk will be available for ...

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