date:Jan 21, 2013
o declined by 27.9 per cent after picking up significantly in December. Churning remains active meeting demand and building inventory. Chart signals indicate class III futures may have some strength in the near-term. Class III futures were: 3 months out = $17.79/cwt ($0.32/cwt lower than a week ago); 6 months out = $18.04/cwt ($0.23/cwt lower than this time last week); 9 months out = $18.25/cwt ($0.14/cwt under last report); and 12 months out = $18.27/cwt ($0.07 lower than last Monday).
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