NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Aug 27, 2013 09:48 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: Mixed
Soybean Futures: 2 to 10 higher
Soybean Meal Futures: $5 to $8 Higher
Wheat Futures: 1 to 2 Higher

Milk:

Milk futures are expected to open slightly lower despite lack of additional market direction Tuesday. Sharp gains developing across the milk complex Monday were based on aggressive movement in grain prices. Higher input costs will likely reduce overall long-term milk production. Traders are focusing on stable corn prices early Tuesday. This will likely add additional volatility to ...

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