NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri May 10, 2013 09:40 AM CDT

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady to 1 Lower

Outside Market Opening Calls:

Corn Futures: 2 to 4 Lower
Soybean Futures: 1 to 3 Higher
Soybean Meal Futures: Mixed
Wheat Futures: 4 to 6 Lower

Milk:

Milk futures have eliminated price premiums and are now following underlying cash prices more closely. The anticipation of more weakness is likely the reason milk futures were lower overnight. Milk production across the country is stable rather than showing a strong spring flush. Feed inventory is some of the reason for this as well as ...

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