NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jan 15, 2014 10:43 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 2 to 4 Lower
Soybean Futures: 3 to 5 Higher
Soybean Meal Futures: Steady to $1 Lower
Wheat Futures: 4 to 6 Lower

Milk:

Milk futures are expected to slip lower early Wednesday. The lack of support through the complex during morning trade is going to have very little to do with any fundamental shifts in the market, but is based on squaring positions following the aggressive gains seen Tuesday. Traders continue to look for growing milk production due to softness in grain ...

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