NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Mon May 12, 2014 10:19 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 6 to 10 Lower
Soybean Futures: 10 to 15 Lower
Soybean Meal Futures: $5 to $10 Lower
Wheat Futures: 15 to 20 Lower

Milk:

Class III milk prices are expected to fade through morning activity following the moderate to strong losses that developed late last week. The support through the complex could remain uncertain based on both recent pressure in grain markets and a lack of price stability in cheese markets. Most traders will remain ...

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