NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Aug 7, 2014 09:32 AM CDT

Opening Calls:

Class III Milk Futures: 10 to 15 Higher
Class IV Milk Futures: Mixed
Butter Futures: Steady to 1 Higher

Outside Markets:

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

Milk:

Some increase in milk supply has been noted in some areas of the country while others continue to decline due to hot weather. There is no shortage of milk by any means, but extra milk commands a premium with some plants opting to reduce production rather than pay the premiums. The ...

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