NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon Oct 28, 2013 10:34 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 4 to 8 Lower
Soybean Futures: 10 to 20 Lower
Soybean Meal Futures: $2 to $6 Lower
Wheat Futures: 4 to 8 Lower

Milk:

Class III milk futures gained early support from last week's bounce in cheese prices. Traders are looking at supplies of milk remaining adequate for essential needs, although many processors are looking for additional product, but they are not willing to pay the current premiums in order to gain access to excess milk. ...

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