NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Feb 13, 2014 10:13 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: Steady to $1 Higher
Soybean Futures: 10 to 14 Higher
Soybean Meal Futures: $4 to $5 Higher
Wheat Futures: 5 to 7 Higher

Milk:

Class III milk futures are expected to open steady to moderately lower following pressure seen Wednesday in nearby contracts. The sharp losses in barrel cheese prices midweek sparked some additional concern about the stability of both short- and long-term Class III milk price levels. Little impact is expected to ...

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