NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jan 16, 2013 10:39 AM CST

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 1 to 4 Lower
Soybean Futures: 10 to 15 Higher
Soybean Meal Futures: $3 to $5 higher
Wheat Futures: Steady to 2 Higher

Milk:

Milk futures are expected to open under pressure following renewed buyer support in the grain market and additional softness in cheese prices Tuesday. Even though support has developed in the butter complex, these gains are being somewhat overlooked as traders continue to focus on the strong milk production levels seen ...

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