NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Nov 12, 2013 09:52 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: Mixed
Soybean Futures: 4 to 6 Higher
Soybean Meal Futures: Mixed
Wheat Futures: 2 to 4 Higher

Milk:

Milk futures are attempting to remain in line with the underlying cash while at the same time anticipating some market direction. Traders continue to trade on a daily basis without loading up on one side or the other. Milk supply is tighter than desired, but still sufficient for demand. What is lacking for manufacturing is being made ...

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