NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Mar 7, 2013 10:43 AM CST

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 3 Higher
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 8 Higher

Milk:

Class III milk futures are called to open higher. Support is building in the cash cheese market, even though there is uncertainty about how firm these higher prices are. Traders continue to focus on the active milk production in much of the country. This may limit the upside of the market, especially with another winter storm hampering demand ...

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