NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed May 1, 2013 10:20 AM CDT

Opening Calls:

Class III Milk Futures: 5 to 20 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 5 to 10 Lower
Soybean Futures: 20 to 30 lower
Soybean Meal Futures: $5 to $10 lower
Wheat Futures: 10 to 15 Lower

Milk:

Class III milk futures are expected to weaken following moderate to sharp pressure in outside markets Wednesday morning. The lack of trade activity in the market and the moves lower in grain prices appear to have some milk traders backing away from the market early in the month. Some of ...

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