NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Dec 12, 2013 10:33 AM CST

Opening Calls:

Class III Milk Futures: Steady to 10 lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets

Corn Futures: 3 to 5 Lower
Soybean Futures: 15 to 20 Lower
Soybean Meal Futures: $5 to $7 Lower
Wheat Futures: 4 to 9 Lower

Milk:

Class III milk futures are expected to work lower through the morning even though volume is expected to remain light. Most traders are not willing to actively step back into the market at this point until there is additional direction from butter or cheese markets. This could spark some late day market ...

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