NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Apr 26, 2013 09:02 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 3 to 6 Lower
Soybean Futures: 2 to 5 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 5 to 8 Lower

Milk:

Class III milk futures are holding firm in early electronic trade despite the pressure in the cash markets. Traders are focusing on the lack of aggressive buyer interest in the cash markets, but unwilling to push milk prices much lower given the firm expectations of strong demand through the summer. ...

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