NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Aug 20, 2013 09:44 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 4 to 6 Lower
Soybean Futures: 8 to 10 Lower
Soybean Meal Futures: $2 to $4 Lower
Wheat Futures: 2 to 4 Lower

Milk:

Class III milk futures are called to open steady to 5 cents lower. The moderate-to-strong pressure Monday followed the weaker cheese and butter prices. Increased production levels in July are also curbing any potential to support prices over the coming days or weeks. Total milk production in the top ...

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