DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jul 31, 2014 09:26 AM CDT

Opening Calls:

Class III Milk Futures: 5 to 15 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady to 2 Lower

Outside Markets:

Corn Futures: 1 to 3 lower
Soybean Futures: 4 to 8 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: Mixed


Milk supply is sufficient for demand with extra milk floating around at a premium to class. Some manufacturers are loath to pay the higher premiums, but supply is there for those who want it. Some plants would rather reduce operating schedules rather than pay the extra price which indicates supply is not tight nor ...

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