NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Nov 18, 2013 10:44 AM CST

Opening Calls:

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

Outside Markets:

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

Milk:

Markets are coasting along. Fundamentals are showing little change. There is a sense of further weakness in milk prices as the end of the year approaches. Cheese prices have exhibited weakness over the past two weeks with further price declines expected. Traders are not loading up on futures positions as the months already are anticipating lower milk prices ...

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