NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Dec 3, 2013 10:35 AM CST

Opening Calls:

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

Outside Markets

Corn Futures: Mixed
Soybean Futures: 1 to 3 Higher
Soybean Meal Futures: $2 to $4 Lower
Wheat Futures: 1 to 6 Higher

Milk:

Milk prices are expected to bounce higher early Tuesday. The longer-term direction of the market is still sluggish, but weakness in grain prices early in the week is pointing to increased milk production at a time when most traders are looking for strong milk prices through early 2014. Action in Class III milk is expected ...

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