NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jul 9, 2014 10:46 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 2 to 4 Lower
Soybean Futures: 1 to 5 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 2 to 5 lower

Milk:

Class III milk futures are expected to remain under pressure after strong losses Tuesday is creating both short- and long-term concern about the sustainability of current price ranges. The inability for traders to look for additional support over the near future could depend on if cash cheese prices can find some stability ...

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