NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri May 2, 2014 09:26 AM CDT

Opening Calls:

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

Outside Markets:

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

Milk:

Class III milk futures are called to open steady to 5 cents per cwt lower in extremely light trade. Given the aggressive support through the complex, the late-week pressure is likely to be more based on end-of-the-week positioning than a shift in market structure. There remains uncertainty about whether the recent ...

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