NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri May 9, 2014 08:34 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Lower
Soybean Futures: 2 to 5 Higher
Soybean Meal Futures: $2 to $3 Higher
Wheat Futures: 3 to 7 Lower

Milk:

Moderate to strong support which unfolded in most nearby Class III milk futures on Thursday is now creating some light pressure through the complex Friday morning. Overnight trade has held only narrow losses with traders expected to focus on end-of-the-week positioning during morning trade. Although cash cheese and butter prices both ...

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