NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Dec 6, 2012 10:18 AM CST

Opening Calls:

Class III Milk Futures: Steady to 20 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 3 to 6 Lower
Soybean Futures: 2 to 8 Higher
Soybean Meal Futures: $1 to $2 Higher
Wheat Futures: 1 to 3 lower

Milk:

Class III milk futures are expected to trade under pressure Thursday, although it appears that trade may not fully develop until well into the session. The lack of interest may allow most traders to focus on additional direction moves in the cash markets, focusing on the cheese and butter exchange. ...

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