NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue May 7, 2013 10:56 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

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

Milk:

Class III milk futures are expected to post moderate support early Tuesday morning as traders step back into the market. Previous pressure in the grain and feed markets may not hold over the long term which could reduce overall milk production. Traders are also focused on feed production delays from the cooler weather and late spring, ...

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