NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Aug 12, 2014 10:05 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 4 to 6 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 10 to 12 Lower

Milk:

Light pressure is expected to develop through the milk complex Tuesday morning, although traders will likely remain on the sidelines until after cash exchange markets close. The focus in milk markets is moving away from production changes and overall demand for product. Although current production is expected to meet demand, the switch ...

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