NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Aug 1, 2014 09:44 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 lower
Soybean Futures: 8 to 12 Lower
Soybean Meal Futures: $3 to $5 Lower
Wheat Futures: 4 to 6 Higher

Milk:

Milk futures are not expected to move one way or the other by much. Choppy cheese prices keep traders scalping the market with the purpose of just trying to take a little profit if it gives it. The current trend is sideways. Milk supply is steady with slightly lower levels than last week. August ...

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