Is There Really Too Much Milk?
Milk futures have taken a beating over the past month with prices experiencing very few days of higher closes. Technically, futures should be about ready to rebound in price retracing some of the losses experienced during that period of time.The bottom line is that there is just too much milk and product out there to warrant much higher prices. Yes, prices could increase to some extent and hopefully we will experience Class III futures back to $17.00 again before the end of the year, but there is significant lost ground to regain. [node:read-more:link]