NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Aug 23, 2013 09:36 AM CDT

Opening Calls:

Class III Milk Futures: 5 to 8 Higher
Class IV Milk Futures: Mixed
Butter Futures: Steady to 1 Higher

Outside Market Opening Calls:

Corn Futures: 6 to 8 Higher
Soybean Futures: 15 to 20 Higher
Soybean Meal Futures: $10 to $12 Higher
Wheat Futures: 5 to 8 Higher

Milk:

Higher milk futures are likely the result of short-covering before the weekend. Futures prices have been beat down in closer months, increasing the willingness of traders to pocket any profits that might be had. Cash prices are not expected to find much buying interest with sellers willing to move ...

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