NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Nov 8, 2013 10:34 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: Mixed
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 1 to 3 Lower

Milk:

Class III milk futures are called steady to 2 cents higher early Friday. The upcoming USDA crop report is drawing the attention of many traders as there is uncertainty as to how much follow-through support grain prices will have through the upcoming weeks. Milk production remains firm both short-term and longer-term, but a major shift ...

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