NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Jun 24, 2013 09:52 AM CDT

Opening Calls:

Class III Milk Futures: 5 to 10 Lower
Class IV Milk Futures: Steady to 5 Lower
Butter Futures: Steady to 1 Lower

Outside Market Opening Calls:

Corn Futures: 8 to 10 Lower
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 10 to 12 Lower

Milk:

Milk production remains steady providing sufficient supply for demand. Hotter weather is affecting milk output somewhat, but not enough to have much impact. Components are beginning to decline causing a few manufacturers supplement the vat with nonfat dry milk to boost cheese yield.

Cheese:

There is plenty of cheese around as reported ...

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