NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu May 22, 2014 10:03 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 2 to 5 Higher
Soybean Futures: 15 to 20 Higher
Soybean Meal Futures: $5 to $8 Higher
Wheat Futures: 1 to 3 Lower

Milk:

Early support is seen in June and July Class III milk futures during lightly traded overnight sessions. The lack of sharp movements in the market is likely tied to overall sluggish trade volume expected through the rest of the week. Milk production continues to expand, especially in the Midwest where ...

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