NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri May 3, 2013 10:48 AM CDT

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

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

Milk:

Milk is expected to trade mixed through most of the morning Friday. Support in the cheese market is limiting pressure through the milk complex, although there remains uncertainty about the ability to draw much additional support to cash markets. Traders are focusing on outside market support with some looking more at input costs, while others ...

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