NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Nov 22, 2013 10:46 AM CST

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: 10 to 17 Higher
Soybean Meal Futures: $4 to $6 Higher
Wheat Futures: Steady to $2 Higher

Milk:

Milk futures are expected to move moderately lower Friday. End-of-week position covering is likely to focus on the expected pullback in cash market activity over the Thanksgiving week. This could keep milk prices under pressure through most of the morning. Additional support could develop if higher cheese and butter prices are seen after the exchange-traded ...

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