NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Feb 20, 2014 10:40 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: Mixed
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: Mixed

Milk:

Class III milk futures seem to be able to find support by focusing on market stability in the cash market. The expectation that moderate market positioning will be in order early Thursday following the further support seen Wednesday in nearby Class III futures could limit buyer support. Traders continue to focus on the movement and price direction in cash butter and cheese markets. ...

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