NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Aug 19, 2014 10:42 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 15 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: Mixed
Wheat Futures: Mixed

Milk:

Moderate-to-strong pressure is expected through milk futures early Tuesday following weakness in cash prices early in the week. The break in market momentum seen Monday in both butter and cheese exchange markets is currently a bigger factor than the actual market losses seen. Milk production remains seasonally strong, but is slipping along normal patterns due to heat stress ...

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