NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu May 8, 2014 10:01 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 3 Lower
Soybean Futures: 5 to 12 Higher
Soybean Meal Futures: $2 to $4 Higher
Wheat Futures: 5 to 8 Lower

Milk:

Class III milk futures are expected to draw additional moderate support early Thursday as traders look for additional potential support in cheese prices through the end of the week. With Memorial Day weekend just two weeks away, additional inventory building is being done in order to prepare for needed product movement. ...

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