NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Oct 8, 2013 10:57 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: 3 to 5 Lower
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 1 to 3 Lower

Milk:

Class III milk futures are expected to hold light support early Tuesday. Even though there is concern about longer term milk production increases limiting cash cheese prices, nearby milk prices are firming before the opening bell. The expectation that cash prices may continue to sustain current trading ranges is drawing light buyer activity into the market. ...

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