NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue May 20, 2014 10:23 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 1 to 3 Higher
Soybean Futures: 5 to 10 Higher
Soybean Meal Futures: $2 to $4 Higher
Wheat Futures: 3 to 5 Higher

Milk:

Light buyer support is expected to slowly develop Tuesday in nearby Class III milk futures. Traders appeared to be smoothing out the losses seen Monday with light buying in the overnight milk market. Recent pressure in cheese markets is likely to draw additional uncertainty into both milk and dairy product ...

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