NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jan 17, 2013 10:58 AM CST

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: Steady to 4 Lower
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 1 to 5 Lower

Milk:

Class III milk futures are called to open mixed following the expected lack of additional price support in the grain market. Traders are focused on the moderate to strong milk production levels seen through the country due to temperate winter weather conditions and good availability of feed supplies, despite the high costs. Traders are uncertain if the recent rally ...

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