NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jan 30, 2013 09:43 AM CST

Opening Calls:

Class III Milk Futures: 5 to 10 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady to 1 Higher

Outside Market Opening Calls:

Corn Futures: 4 to 6 Higher
Soybean Futures: 1 to 3 Higher
Soybean Meal Futures: Steady to 3 Higher
Wheat Futures: 4 to 6 Higher

Milk:

Steadily declining prices have been brutal dimming the milk price outlook substantially. Class III futures continue to erode pulling prices steadily lower. Milk production is strong keeping sufficient supply available for bottling and manufacturing. Decreasing milk prices and steady grain prices are again a recipe for disaster for some ...

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