NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Mar 18, 2013 11:04 AM CDT

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 3 to 5 Lower
Soybean Futures: 10 to 15 Lower
Soybean Meal Futures: $3 to $5 Lower
Wheat Futures: 4 to 8 Lower

Milk:

Class III milk futures are called to open mixed in light trade. The price support in the cheese and butter market at the end of last week is likely helping solidify price gains, but the early pressure in outside markets may once again curb any significant upward movement. With grain prices falling, the expectation that cow numbers will ...

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