NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jun 26, 2013 10:41 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 lower
Class IV Milk Futures: Mixed
Butter Futures: Steady to 1 lower

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 1 to 2 Higher

Milk:

Milk fundamentals have not changed with bearishness the overriding factor. The market will have to prove itself before traders will be interested in purchasing milk futures. Sufficient supply is keeping cash buyers at bay waiting again until support is established. This will then bring buyers back in from the sidelines. Milk production is strong and expected to remain ...

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