NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Aug 29, 2014 10:49 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 3 to 5 Lower
Soybean Futures: 5 to 6 Lower
Soybean Meal Futures: Mixed
Wheat Futures: 4 to 6 Lower

Milk:

Light to moderate price pressure is developing in Class III milk futures during early overnight trade Friday. Most of this softness is expected to be based more on end-of-week and end-of-month price positioning than any change in the overall direction of the market. Traders are looking for strong milk production to continue, although the need for ...

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