NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 2, 2014 09:02 AM CST

Opening Calls:

Class III Milk Futures: Steady to 4 Lower
Class IV Milk Futures: Mixed
Butter Futures: Mixed

Outside Markets:

Corn Futures: Steady to 2 Higher
Soybean Futures: 1 to 3 Higher
Soybean Meal Futures: Mixed
Wheat Futures: Mixed

Milk:

Traders should be back in greater force Thursday, which may increase trading activity. It is a new year and cheese prices still are high. It is unusual to see strong prices at this time as demand generally slows and supply begins to increase. Bottling demand will increase as schools come back in session, slowing receipts to manufacturing. Cold weather ...

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