NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jun 28, 2013 10:10 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: Mixed
Soybean Meal Futures: Steady to 1 Lower
Wheat Futures: Mixed

Milk:

Even though dairy trading is not closely linked to grain, it does have an influence. Without new market moving news in the dairy industry, traders may have greater interest in watching the USDA reports Friday. Of course cheese trading will be complete by then which will influence trading prior to “Planted Acreage” and “Quarterly Stocks” report. The trade expects Q3 corn ...

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