NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon May 6, 2013 10:36 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 10 to 15 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 10 to 15 Lower

Milk:

Class III milk futures are called to open steady to 10 cents per cwt lower following pressure in outside markets. The lack of support in the grain complex is creating concerns that overall milk production may not fade through the summer as earlier expected. This could keep processors from actively ...

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