NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Nov 19, 2013 09:55 AM CST

Opening Calls:

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

Outside Markets:

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

Milk:

Trading volume is virtually non-existent. Well, not completely, but trading activity is very thin and expected to remain that way for a while. Milk production is settling down for the winter with the usual steady increase due to consistent forage and balanced rations. USDA will release the October “Milk Production” report at 2 p.m. CST. I estimate milk production to ...

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