NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jan 3, 2014 09:29 AM CST

Opening Calls:

Class III Milk Futures: 5 to 10 Higher
Class IV Milk Futures: Steady 5 Higher
Butter Futures: Steady to 1 Higher

Outside Markets:

Corn Futures: Steady to 2 Higher
Soybean Futures: 3 to 5 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: Mixed

Milk:

Increasing block cheese price Thursday caused short-covering to erupt, resulting in new contract highs in January and February. Higher trade is exhibited overnight with open outcry expected to support higher prices. There is some thought that a buyer in blocks is taking advantage of the unwillingness of sellers to move product ...

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