NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jan 29, 2013 09:35 AM CST

Opening Calls:

Class III Milk Futures: 4 to 10 Lower
Class IV Milk Futures: Steady to 5 Lower
Butter Futures: Mixed

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: 4 to 6 Higher
Soybean Meal Futures: $1 to $2 Higher
Wheat Futures: 2 to 4 Higher

Milk:

Tuesday is the last day to trade January futures and options with the Federal Order class prices being announced Wednesday. There is an overall bearishness in the market. Milk production is strong, cow numbers are increasing, inventory is growing, and demand is virtually flat. Grain prices increased after the World Supply and ...

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