NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Nov 14, 2013 09:27 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: Mixed
Soybean Futures: Mixed
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 2 to 4 Higher

Milk:

Milk futures exhibited little market direction despite weakness in cheese prices. Current discounts in futures contracts leave little desire to sell heavily in the market. Traders are balanced with positions, which virtually eliminates significant buying or selling of futures based on underlying cash price direction. The premiums being required for purchasing extra milk continue to remain $2.00 ...

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