NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Sep 13, 2013 09:33 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

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

Milk:

Milk futures are remaining close to the underlying cash in front months while holding a discount in later months. USDA predicts higher production next year which will require increased demand otherwise milk prices will be depressed. Milk futures are exhibiting this idea with most contracts in 2014 below $17.00. Corn ...

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