DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Feb 1, 2013 09:52 AM CST

Opening Calls:

Class III Milk Futures: 5 to 15 Higher
Class IV Milk Futures: Mixed
Butter Futures: Mixed

Outside Market Opening Calls:

Corn Futures: 2 to 4 Higher
Soybean Futures: 8 to 12 Higher
Soybean Meal Futures: $3 to $4 Higher
Wheat Futures: 4 to 6 Higher


Milk futures are in the midst of a retracement spurred on by the slight increase in barrel prices. Much of the strength is due to short-covering as traders are getting out of their sold positions just in case cheese prices continue to increase for a period of time. The market has not ...

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