NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed May 7, 2014 09:21 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: 5 to 10 Lower
Soybean Meal Futures: $1 to $2 Lower
Wheat Futures: 5 to 10 Lower

Milk:

Class III milk futures are called to open steady to moderate lower in light trade following firmness in butter prices and the potential that demand for dairy products will remain strong over the next couple of months. Light trade is expected to be seen once again as traders look for direction ...

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