NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri May 23, 2014 09:13 AM CDT

Opening Calls:

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

Outside Markets:

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

Milk:

Class III milk futures are expected to open moderately lower as traders react to the limit or near limit market surge seen Thursday. There are questions about if the recent rally in cheese prices can be confirmed and sustained heading into the holiday weekend. Trade volume typically is sluggish the day ...

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