Monday, December 20, 2010
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The Bureau of Economic Analysis (BEA) regularly publishes data on consumer spending called "Personal Consumption Expenditures" (PCE). The monthly data for "processed dairy products" shows a clear increase in consumer spending through October 2010. So, what can explain the fall in farm milk price generated by players on the CME. I would suggest someone in a position to do so look at the "shorts" on the class III futures.