NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Jul 24, 2013 10:42 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 1 to 5 lower
Soybean Futures: 10 to 40 Lower
Soybean Meal Futures: $5 to $10 Lower
Wheat Futures: 2 to 5 Higher

Milk:

Class III milk futures are called to open steady to 5 cents higher with little trade redeveloping in the complex. Additional support may be seen surrounding the outside market price shifts, but mixed direction is coming from lower grain prices and stability in financial markets over the recent past. This could keep milk prices ...

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