NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jul 30, 2013 10:09 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Higher
Soybean Futures: Mixed
Soybean Meal Futures: $2 to $4 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Class III milk prices are mixed early Tuesday following light support in nearby contracts. Deferred futures are holding light to moderate pressure as the idea that the recent pressure in feed prices will increase overall milk production over the long term. This could continue to add even more pressure to dairy product prices and push inventory levels even ...

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