NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Oct 23, 2013 10:05 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 2 to 4 higher
Soybean Futures: 5 to 9 higher
Soybean Meal Futures: $3 to $4 Higher
Wheat Futures: 5 to 7 Higher

Milk:

Class III milk futures are expected mixed early Wednesday. Front-month futures are losing overall market support as prices are quickly shifting to formula-based levels off of cash dairy product moves. Support in barrel cheese prices and butter markets is bringing support back into other Class III milk contracts. There are some positive moves ...

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