NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Jul 22, 2013 10:48 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 4 to 6 Lower
Soybean Futures: 10 to 20 Higher
Soybean Meal Futures: $8 to $12 Higher
Wheat Futures: 5 to 6 Lower

Milk:

Class III milk futures are under pressure early Monday following increased milk production reported through the month of June. This took the market by surprise as many had expected heat stress to have limited production. But the focus across the dairy complex is moving more to long-term needs and holiday buying and shifting ...

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