NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jul 23, 2014 10:31 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 15 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: Mixed
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $3 to $5 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Trade through the milk complex is expected to remain light early Wednesday morning. Buyer support is expected to redevelop through the market based on strong gains seen Tuesday. Overall the Cold Storage report released Tuesday is viewed as bullish, with the main focus on the lack of ability to aggressively build butter supplies. Butter stocks ...

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