NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Aug 1, 2013 10:49 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 8 to 10 Lower
Soybean Futures: 2 to 10 Lower
Soybean Meal Futures: Mixed
Wheat Futures: 10 to 12 Lower

Milk:

Early movement in the milk market is expected to be steady to slightly higher. But pressure in the grain complex is creating some concern over additional milk production. This could quickly turn Class III milk prices lower through the morning. Most traders are expected to remain on the sidelines until after the cash exchange trades, but if ...

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