NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jun 19, 2014 09:13 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 3 to 5 Higher
Soybean Futures: 1 to 3 Lower
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 7 Higher

Milk:

Early price support is developing in overnight traded electronic markets. This could draw additional buyer activity into the market. The firm support in cash butter prices midweek may create some underlying support, although traders are also going to be somewhat cautious given the bounce in production levels seen in Wednesday's milk production report. ...

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