NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed May 8, 2013 09:58 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

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

Milk:

Class III milk futures are expected to trade mixed through the morning, although light activity is expected through much of the morning. Pressure in the butter and block cheese prices has created additional softness in the milk complex. Traders are looking for further direction from cash prices before resuming selling activity. There is ...

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