NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Nov 15, 2013 09:03 AM CST

Opening Calls:

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

Outside Markets:

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

Milk:

Milk supply varies across the country, but is still termed as tight. Good weather is slowly allowing for production improvement. There are reports of corn silage testing very good for protein and other nutrients, which will help promote good production. Reasonable grain prices will also play a role in promoting increased milk production. Milk prices have been ...

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