NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Mar 11, 2013 10:13 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 1 to 3 Higher
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $2 to $3 Higher
Wheat Futures:

Milk:

Class III milk futures are called lower Monday. Support in the cheese and butter market late last week is not drawing active buyer interest. This could create additional pressure in the milk market. Feed prices are rising in response to higher grain prices but so far, this has not caused active cow culling. More ...

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