OPENING CALLS:
| Class III Milk Futures: | Mixed |
| Class IV Milk Futures: | Mixed |
| Butter Futures: | Mixed |
OUTSIDE MARKET OPENING CALLS:
| Corn Futures: | 3 to 5 Higher |
| Soybean Futures: | 7 to 10 Higher |
| Soybean Meal Futures: | $3 to $4 Higher |
| Wheat Futures: | 9 to 12 Higher |
MILK:
There is not much new news in the dairy market for traders to get excited about. The past two days have seen limited volatility, resulting in limited trading volume. That is not expected to change Friday. The markets will be closed on Monday, Feb. 17, in observance of Presidents Day. That may limit the desire of traders to take positions and hold them over a three-day weekend due to the uncertainty of what the government might do next with tariffs. Traders may not be interested in trading ahead of the spot market Friday.
CHEESE:
Cheese prices may have reached a threshold as buyers may not be willing to continue to bid the market higher. A sufficient supply of cheese is available for demand with inventory increasing seasonally. There is no concern over supply for the near term.
BUTTER:
The butter price may slowly erode to the level it was earlier this week. The volume of butter available to the market is plentiful, leaving buyers comfortable waiting for sellers to offer butter at steady or lower prices.
