NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Apr 1, 2013 12:56 PM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 30 to 50 cents lower
Soybean Futures: 10 to 20 cents lower
Soybean Meal Futures: $2 to $4 Lower
Wheat Futures: 10 to 20 Lower

Milk:

Milk prices are called lower as the pressure in the corn and soybean markets is likely to add additional milk production over the spring. Although there may not be strong additional to milk cow numbers over the near future, any reduction in production costs could quickly curb culling ...

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