NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue May 6, 2014 09:41 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 3 to 5 Lower
Soybean Futures: 10 to 15 Lower
Soybean Meal Futures: $2 to $4 Lower
Wheat Futures: 2 to 4 Higher

Milk:

Class III milk futures are expected to remain lightly traded through most of the morning despite the building pressure in overnight trade. Softness in most nearby contracts Monday is carrying over to early Tuesday movement with follow-through selling developing during overnight activity. Traders continue to focus on the direction of cash ...

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