NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jan 15, 2013 10:27 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: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 10 Higher

Milk:

Milk futures are called to open mixed in light trade. Nearby contracts remain under pressure due to the lack of consistent support in the cash markets as traders are focused on increasing inventory levels, while overall dairy product demand has slowed after the holiday season. The rally in the grain complex has created additional concern about more herd reductions and cow ...

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