NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jan 23, 2014 10:01 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Higher
Soybean Futures: 10 to 12 Higher
Soybean Meal Futures: $3 to $7 Higher
Wheat Futures: 10 to 11 Higher

Milk:

Class III milk futures are trading mixed in light trade. The lack of support late Wednesday created some additional market uncertainty despite the continued support in cash values. Traders are looking at the slow but steady support in corn markets as a factor in increasing milk production costs. This could ...

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