NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jun 18, 2014 10:00 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 1 to 3 higher
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $3 to $4 Higher
Wheat Futures: 5 to 7 Higher

Milk:

Light pressure is expected to develop through Class III milk futures. Any losses seen early Wednesday are likely to be based on position taking following the aggressive price surge Tuesday, rather than a change in market direction. Traders are starting to look at more seasonal temperatures in most of the areas, ...

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