NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Apr 9, 2013 10:47 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: 5 to 10 Higher
Soybean Futures: 3 to 6 Higher
Soybean Meal Futures: Steady to $2 Higher
Wheat Futures: 3 to 5 Lower

Milk:

Milk traders seem to be taking a slightly more cautious approach to the milk market early Tuesday. The renewed support in the corn market is putting more emphases on production costs. Traders are also questioning just how much higher cash prices can go before buyers start to aggressively back away ...

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