NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Dec 18, 2013 10:11 AM CST

Opening Calls:

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

Outside Markets

Corn Futures: Mixed
Soybean Futures: Steady to 2 Lower
Soybean Meal Futures: Mixed
Wheat Futures: 4 to 6 lower

Milk:

Mixed trade is expected to develop through Class III milk markets early Wednesday as traders take differing directions after reacting to the sharp double-digit rally in milk prices on Tuesday. Light to moderate follow-through buyer support is likely to be most evident in deferred futures, but this is going to be held in check by early pressure. Nearby traders fears that ...

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