NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Oct 16, 2013 10:33 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: 1 to 3 Lower
Soybean Futures: 3 to 5 Higher
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 3 to 5 Lower

Milk:

Class III milk futures are called to open mixed in light trade. Light pressure across the grain markets is not expected to create significant direction in milk prices, but firmness in cash cheese prices would have a longer-term and more significant impact. Traders remain cautious but are becoming more optimistic ...

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