NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jan 23, 2013 11:08 AM CST

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: 2 to 4 Higher
Soybean Meal Futures: 1 to 3 Higher
Wheat Futures: 1 to 4 Higher

Milk:

Class III milk futures are not expected to find additional short or long direction over the near future, and will likely trade in the current range. But the pressure in the cheese markets, and inventory growth in the cold storage reports, is expected to limit additional milk market support over the near future. ...

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