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Dairy markets: Milk Production report released today

USDA will release November’s milk production figures this afternoon. Generally, anything north of a 5.0% increase will be perceived as bearish, while a percentage increase of less than 4.0% – while not bullish per se – will be seen as less than expected, and therefore bullish versus expectations.

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Dairy markets: Class III plummet continues

The Class III futures plummet continues for most of 2015. While nearby months turned positive amid stability in spot pricing, deferred (August and September 2015) contracts posted the steepest losses in yesterday’s session.

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