NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jan 28, 2014 10:15 AM CST

Opening Calls:

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

Outside Markets:

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

Milk:

Class III milk futures are called to trade slightly higher following the firmness in butter prices Monday and the lack of widespread direction in grain markets early in the week. Traders remain focused on stability in milk production, which is meeting most of the needs of both fluid procurement and manufacturing ...

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