NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Oct 1, 2013 09:48 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 2 to 5 Lower
Soybean Futures: 10 to 15 Lower
Soybean Meal Futures: $4 to $6 Lower
Wheat Futures: 1 to 2 Higher

Milk:

Light buyer support is developing in overnight Class III milk futures following the first of the month. There could be some adjustments in the expiring September contracts as prices adjust to formula price levels, but light-to-moderate support is expected to be seen through fourth-quarter contracts. Traders are looking past the ...

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