NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue May 21, 2013 11:06 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 15 lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 10 to 15 Lower
Soybean Futures: Mixed
Soybean Meal Futures: $2 to $3 Lower
Wheat Futures: 7 to 10 Lower

Milk:

Class III milk prices are called to open moderately lower early Tuesday following pressure in both the cash cheese and butter markets. Traders are expected to remain quiet through most of the morning with the focus being placed on the direction of the cash markets. Softness in the grain complex continues to create ...

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