NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Apr 11, 2014 10:08 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 Higher
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 1 to 2 Higher
Soybean Futures: 10 to 15 Lower
Soybean Meal Futures: $3 Lower
Wheat Futures: 1 to 3 Higher

Milk:

Milk futures are called to open higher Friday, although trade may be delayed until midday when cash cheese and butter markets trade. The recent focus on sharp losses in cheese markets has pressured milk prices, but the longer-term outlook for active market support and building inventory may draw buyers back into the market. ...

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