NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jul 30, 2014 10:00 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 8 Lower
Class IV Milk Futures: Mixed
Butter Futures: Steady to 2 Lower

Outside Markets:

Corn Futures: 1 to 3 lower
Soybean Futures: 4 to 8 Lower
Soybean Meal Futures: Steady to $1 Lower
Wheat Futures: Mixed

Milk:

Milk futures are settling into a price range with August and September contracts very close to each other. Milk supply is sufficient for demand but lighter than desired. Manufacturing plants will have lesser extra milk available for purchase in the coming weeks as school pipelines will need to be filled. Milk output continues to ...

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