OPENING CALLS:
| Class III Milk Futures: | Mixed |
| Class IV Milk Futures: | Mixed |
| Butter Futures: | Lower |
OUTSIDE MARKET OPENING CALLS:
| Corn Futures: | 2 to 3 Higher |
| Soybean Futures: | 5 to 7 Higher |
| Soybean Meal Futures: | Mixed |
| Wheat Futures: | 6 to 7 Higher |
MILK:
Milk futures are expected to be mixed as we start the week off. The anticipation of the delayed release of the September Milk Production report later today will bring fresh news to the dairy complex. Also, over the weekend, a trade agreement with China was officially signed, giving some hope that we see fresh new exports from them in the coming weeks.
CHEESE:
With news overnight that a deal has been made and the potential reopening of the government may be coming sooner than later, there may be news of when we can expect the delayed cold storage report. Cheese fell dramatically last week, and mixed trade is expected to start this week off.
BUTTER:
The butter price fell sharply last week, continuing its spiral downward of plummeting prices. With cows providing more milk fat, there is plenty of supply with no new demand expected anytime soon.
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