NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 31, 2013 09:52 AM CST

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 3 Lower
Soybean Futures: 6 to 8 Lower
Soybean Meal Futures: $2 to $3 Lower
Wheat Futures: 2 to 4 Lower

Milk:

There may be some follow through buying of milk futures Thursday. There certainly is not a change in trend, but traders are interested in taking advantage of a retracement in prices. The underlying cash prices are not expected to move much Thursday keeping Class III trading in a narrow ...

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