NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Sep 19, 2013 10:44 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 4 to 6 Higher
Soybean Futures: 3 to 5 Lower
Soybean Meal Futures: Steady to $1 Lower
Wheat Futures: 8 to 12 Higher

Milk:

Milk called mixed in light trade. The light support in butter prices at midweek while outside commodity markets bounced higher seems to be limiting widespread additional pressure in the market. There may be additional support early, but this buying may be limited by any moves in cash markets at midday. Milk production remains down from seasonal ...

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