NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jan 9, 2014 10:19 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 5 to 7 Lower
Soybean Futures: 1 to 4 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 1 to 5 Lower

Milk:

Milk futures are called mixed in light trade. The aggressive price support in the cheese market Wednesday led to aggressive double-digit gains at the end of Wednesday's session. But with no sales taking place on the exchange, futures traders are now quickly backing away from recent gains with the expectation that some market corrections ...

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