NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon May 5, 2014 11:10 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 2 to 4 Higher
Soybean Futures: Mixed
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 10 Higher

Milk:

Class III milk futures are called to open moderately lower with early pressure seen in overnight traded markets. Strong pressure in the stock market and increased interest redeveloping in corn prices could limit short- and long-term interest in milk futures early Monday. Although butter prices continue to appreciate, the lack of support through both barrel and block cheese markets ...

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