NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Feb 11, 2014 10:16 AM CST

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 4 to 6 Lower
Soybean Futures: Mixed
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 1 to 3 Lower

Milk:

Class III milk futures are called mixed early Tuesday with previous pressure in cash markets limiting buyer support. Traders may focus on pressure in grain markets early in the session, as lower grain prices may lessen production costs. But the underlying pressure in cash dairy markets over the last week seems to be making the bullish ...

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