NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Apr 30, 2013 09:34 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 1 to 4 Lower
Soybean Futures: Mixed
Soybean Meal Futures: Steady to $1 Lower
Wheat Futures: 10 to 15 Lower

Milk:

Class III milk futures are called to open steady to moderately higher despite expected light trade volume. Stability in the cash butter complex and the higher block cheese prices seems to indicate that additional support maybe building through the entire dairy market complex. Traders are also focusing on the pressure in the barrel ...

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