NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Feb 11, 2013 10:08 AM CST

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Mixed

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: 15 to 20 Lower
Soybean Meal Futures: $7 to $10 Lower
Wheat Futures: 1 to 3 Lower

Milk:

Class III milk futures are called mixed in light trade. The outside market pressure in the grain markets is expected to limit any additional buyer support through much of the morning. But with cheese prices inching higher in the recent past as well as additional trade activity seen in other dairy product markets, some underlying support may develop ...

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