NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Apr 5, 2013 10:38 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $1 to $5 Lower
Wheat Futures: 3 to 5 Lower

Milk:

Light buyer support is expected to develop early Friday. The strong shift higher in cash prices has created expectations of firm Class III markets. Traders are optimistic even though there is uncertainty over how much additional support to expect. Pressure in the grain market could curb longer term milk production losses, but right ...

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