NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Nov 11, 2013 09:32 AM CST

Opening Calls:

Class III Milk Futures: Steady to 5 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady to 1 Higher

Outside Markets:

Corn Futures: 3 to 5 Higher
Soybean Futures: 2 to 6 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 2 to 4 Higher

Milk:

USDA expects milk production to increase next year, but that increase should have little impact on expected prices. Growing demand may keep supply from becoming burdensome. There is concern lower grain prices will increase milk production enough to require lower prices to clear product. Class III futures already have a decline ...

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