NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Apr 11, 2013 11:02 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: 3 to 5 Higher
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: Steady to 3 Higher

Milk:

Class III milk futures are expected to regain most if not all of the losses seen on Wednesday. Although there is very little change in market fundamentals, traders are becoming cautious. Support in the cash markets is bullish for milk prices, but traders are looking beyond the most recent price moves. The concern comes from the readily available ...

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