NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Apr 25, 2013 10:29 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: Steady to 2 Higher
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $2 to $3 Higher
Wheat Futures: Steady

Milk:

Class III milk future are called mixed in light trade. The lack of support through the cash cheese and butter markets is creating some uncertainty in the milk market. The lower prices will eventually likely add to lower milk price support. The fact that the cash prices are not falling based on changing supply and ...

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