NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Mar 6, 2013 11:06 AM CST

Opening Calls:

Class III Milk Futures: Steady to 15 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 5 to 8 Lower
Soybean Futures: 2 to 4 Higher
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 10 Lower

Milk:

Class III milk prices are called to open moderately to sharply lower following pressure in outside markets. Traders remain concerned about the lack of support in cash markets. Pressure in corn prices early Wednesday quickly offset Tuesday's gains. Overall milk production levels remain strong for this time of year with little change expected ...

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