NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jan 24, 2013 10:33 AM CST

Opening Calls:

Class III Milk Futures: Steady to 15 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 5 to 7 Lower
Soybean Futures: 10 to 20 Lower
Soybean Meal Futures: $5 to $8 Lower
Wheat Futures: 5 to 10 Lower

Milk:

Class III milk prices are called to open steady to 15 cents higher. Although the milk production report released Wednesday is deemed bearish for the market, and overall production increased more than expected. The clarity of knowing just how much of an increase seems to have calmed the market compared to the ...

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