NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 29, 2014 09:30 AM CDT

Opening Calls:

Class III Milk Futures: 5 to 15 Higher
Class IV Milk Futures: Steady to 10 Lower
Butter Futures: Mixed

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: 5 to 8 Lower
Soybean Meal Futures: $2 to $3 Lower
Wheat Futures: 1 to 3 Lower

Milk:

The current futures prices indicate traders believe milk prices will remain fairly stable through September as prices are very close. This certainly brightens the price outlook into the fourth quarter. Historically, milk prices peak in September or October and many times are the highest for the year. This will not likely ...

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