NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Mar 27, 2013 10:24 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 3 Lower
Soybean Futures: 1 to 5 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: Steady to 2 Lower

Milk:

Class III milk futures are expected to open mixed early Wednesday. The renewed late day support Tuesday is expected to draw some additional buyer support into deferred milk contracts despite steady to slightly lower front-month contracts. Traders appear to be content with current milk production levels. Support in the grain markets and demand ...

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