NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jan 31, 2014 10:10 AM CST

Opening Calls:

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

Outside Markets:

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

Milk:

Milk production is stable with the potential for improving, but weather will need to cooperate in much of the nation. Milk supply is sufficient for demand, but continues to be moved around relative to what needs to be supplied and what manufacturers and bottlers desire to accomplish. USDA will release the Agricultural Prices report this afternoon.

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