NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Dec 5, 2013 09:53 AM CST

Opening Calls:

Class III Milk Futures: Steady to 20 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets

Corn Futures: 3 to 5 Lower
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 5 to 10 Lower

Milk:

Class III milk futures appear to be under pressure early Thursday as there are questions about whether the strong gains seen at midweek can be maintained. Much of the pressure in overnight trade appears to be position-squaring and profit-taking due to light volume. But it is uncertain just how much support the dairy complex will ...

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