NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Jan 18, 2013 10:49 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: 5 to 10 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 1 to 3 Higher

Milk:

Class III milk is expected to open mixed in a narrow trading range following the mixed movement in the cash markets. Traders are looking for additional support from the cheese complex, although it is still uncertain just where that support will come from over the short term. Milk production remains strong as winter ...

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