NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Dec 19, 2013 10:43 AM CST

Opening Calls:

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

Outside Markets

Corn Futures: 2 to 4 Higher
Soybean Futures: 3 to 8 Lower
Soybean Meal Futures: Steady to $1 lower
Wheat Futures: 3 to 5 Higher

Milk:

Class III milk futures are called to open mixed in light trade. The moderate to strong gains seen midweek were sparked by aggressive price support through the cheese complex. With block cheese prices now in reach of $2 per pound, it appears that additional momentum is building in the dairy product markets. But traders are ...

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