NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Apr 17, 2013 10:30 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

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

Milk:

Class III milk is expected to remain steady early Wednesday. The lack of follow-through support in the grain complex after Tuesday’s rally and cheese market softness is creating uncertainty. Milk traders are taking a wait and see approach to the market. More direction and activity is likely to be seen at midday, following the cash market trade. But ...

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