NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Sep 26, 2013 09:56 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 3 Lower
Soybean Futures: 5 to 8 Lower
Soybean Meal Futures: Steady to $2 Lower
Wheat Futures: 1 to 3 Lower

Milk:

Mixed trade is developing across Class III milk markets in overnight trade based on uncertainty of cash market direction. Front-month futures are under light pressure and are moving in the same direction with cash markets as formula prices are more of an indication of market movement in September contracts, than trade activity. Light ...

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