NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jan 6, 2014 09:05 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Higher
Soybean Futures: 3 to 5 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 4 to 6 Higher

Milk:

Caution will reign during early morning trade. Only spot markets will set direction. Other fundamental news is basically the same as it has been. Milk production will remain generally steady due to current weather conditions. Bottling demand has returned to pre-holiday levels reducing holiday manufacturing supply. Milk supply is sufficient to meet demand, however manufacturers would ...

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