NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Dec 4, 2012 10:30 AM CST

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 5 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: Steady to $2 Lower
Wheat Futures: Mixed

Milk:

Class III milk futures are called to open steady to 10 cents lower with deferred milk futures contracts posting pressure on the inability for cash markets to become stable. Traders are looking for additional support from outside markets, but trade volume will likely remain nearly silent in the pit trade through the morning ...

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