NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Jul 24, 2014 10:08 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 4 to 5 Lower
Soybean Futures: 6 to 10 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 4 to 6 Lower

Milk:

Class III milk futures are expected to remain lightly traded through most of the morning. Early support in prices through nearby contracts is likely to develop following light-to-moderate support during overnight trade. But questions about buyer support in the cheese market and inability to aggressively move prices higher in that market ...

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