NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Dec 24, 2013 08:51 AM CST

Opening Calls:

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

Outside Markets

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

Milk:

Not much has changed in the fundamentals of the dairy markets. Market movement is only a mirror of the underlying cash. Milk production is virtually steady. Holiday demand has been met with more milk moving to manufacturing and drying facilities. These facilities welcome the extra milk as milk receipts have been slow to increase.

Cheese:

Declining cheese ...

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