NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jul 1, 2014 10:08 AM CDT

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 5 to 7 Lower
Soybean Futures: 5 to 15 Lower
Soybean Meal Futures: $4 to $8 Lower
Wheat Futures: 5 to 8 Lower

Milk:

Class III milk futures are mixed in early overnight trade. This is likely to keep prices extremely sluggish through most of the morning as traders focus on the direction of cheese and butter markets. It is uncertain just how much trade interest in either the futures or cash markets will develop Tuesday with traders now past month and quarter ...

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