NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Dec 31, 2013 10:17 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: 2 to 8 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 6 to 8 Lower

Milk:

Class III milk futures are expected to remain lightly traded through most of the morning. Trade through the complex remains focused on the recent pressure in both barrel cheese prices and the butter market. Traders may find it hard to find interested buyers or any widespread activity for that matter through the day. ...

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