NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Dec 7, 2012 10:24 AM CST

Opening Calls:

Class III Milk Futures: 10 to 20 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 5 to 7 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $3 to $5 Lower
Wheat Futures: 1 to 5 Lower

Milk:

Class III milk prices are expected to move lower as long as cheese prices are unable to create stability through the market. The softness in grain markets is also putting additional pressure on the milk complex late in the week. Milk production remains moderate with seasonal strength seen due to the moderate ...

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