NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Jan 17, 2014 10:20 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 3 to 5 Lower
Soybean Futures: 4 to 6 Lower
Soybean Meal Futures: Steady to $1 Lower
Wheat Futures: 5 to 8 Lower

Milk:

Class III milk futures moved sharply higher with February futures posting limit higher gains Thursday. The continued support in cash markets and the fact that February futures are just starting to be priced due to formula price levels is creating some aggressive moves. There seems to be very little in the way that will keep cheese ...

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