NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Mar 12, 2014 10:31 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 2 to 4 Lower
Soybean Futures: 30 to 40 Lower
Soybean Meal Futures: $8 to $10 Lower
Wheat Futures: 10 to 15 Higher

Milk:

Class III milk futures are expected to open steady to slightly higher following firmness in the cash cheese markets. But pressure in outside markets may limit additional buyer support and could lead to some market pressure through midday. There is growing uncertainty about just how much higher cash prices will be ...

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