NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Aug 13, 2014 10:14 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: 5 to 15 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 2 to 4 Lower

Milk:

Class III milk futures are expected to trade moderately lower Wednesday as traders cover positions following strong gains seen early in the session. Milk production is expected to remain well above year-ago levels, and processors needs will be managed without significant difficulty through the fall, but this could limit aggressive buying ...

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