NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Jul 25, 2014 10:23 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 3 to 5 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 2 to 4 higher

Milk:

Class III milk futures are expected lower Friday with uncertainty surrounding the cheese market direction, which will cause some widespread weakness through the complex. Traders are looking for additional market support from outside markets and the potential for increased trade volume in both the butter and cheese market. Overall milk production is ...

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