NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Dec 10, 2013 11:07 AM CST

Opening Calls:

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

Outside Markets

Corn Futures: 2 to 3 Lower
Soybean Futures: 3 to 5 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 4 to 7 Lower

Milk:

Pressure is expected to develop in Class III milk markets early Tuesday. The general weakness in corn markets as well as recent pressure through the barrel cheese exchange created pressure in overnight milk futures. It is likely that trade will remain subdued in pit markets until after the cash exchange and release ...

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