NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Dec 21, 2012 10:31 AM CST

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 1 to 5 Higher
Soybean Futures: 10 to 20 Higher
Soybean Meal Futures: $3 to $5 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Class III milk futures are called to open mixed in a narrow trade range. The bounce higher in the grain market may put some additional emphasis on milk production through the first quarter of the new year, but for now it seems like production levels and culling activities have stabilized with very little widespread concerns ...

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