NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Nov 6, 2013 10:14 AM CST

Opening Calls:

Class III Milk Futures: Steady to 10 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: Steady to 1 Lower
Soybean Futures: 5 to 7 Higher
Soybean Meal Futures: $1 to $2 Higher
Wheat Futures: 1 to 3 Lower

Milk:

Moderate support is starting to develop in Class III milk futures early Wednesday. This may not draw additional trade activity into the market before midday, but traders are hopeful that firmness in butter values will provide stability to higher prices in the near future. Narrow price shifts in the corn market are keeping most traders ...

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