NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed May 21, 2014 09:51 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: Mixed
Soybean Futures: 10 to 15 Higher
Soybean Meal Futures: $2 to $5 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Class III milk futures are expected to draw light but limited support into the complex Wednesday morning. Any sustained support could help draw additional late-week trade back into the market. Milk traders are very interested in the cash cheese market with most of them watching for signals that cheese prices have stabilized. With both ...

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