NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Feb 19, 2014 09:53 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: Mixed
Soybean Meal Futures: Steady to $2 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Light pressure developed through the Class III milk futures market early Wednesday morning but there is uncertainty over just how much additional pressure can be sustained given the stability in cash values. Early losses in milk trade are expected to be nothing more than position squaring following the aggressive gains seen Tuesday. The focus ...

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