NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Jun 23, 2014 10:19 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 3 to 5 Lower
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $3 to $5 Higher
Wheat Futures: Mixed

Milk:

Class III milk futures are called steady to slightly lower as traders seemed to focus on market stability over the weekend. Although there is an expectation that long-term support will be seen through all cash markets based on needed inventory building, the urgency for buyers to quickly step into the market is lacking at the moment. ...

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