NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jul 23, 2013 10:40 AM CDT

Opening Calls:

Class III Milk Futures: MIxed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 10 to 15 Lower
Soybean Futures: 10 to 20 Lower
Soybean Meal Futures: $5 to $8 Lower
Wheat Futures: 6 to 10 Lower

Milk:

Sharp losses seen Monday in reaction to the lower cash values is leaving the Class III milk market unsupported early Tuesday. Little additional interest is expected over the first few hours of trade. Most traders on both sides of the market are focused on the direction of cash cheese and butter prices. This will likely ...

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