NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jul 12, 2013 09:48 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 4 Higher
Class IV Milk Futures: Steady
Butter Futures: Mixed

Outside Market Opening Calls:

Corn Futures: 4 to 8 Lower
Soybean Futures: 8 to 14 Lower
Soybean Meal Futures: $2 to $3 Lower
Wheat Futures: Mixed

Milk:

The effects of hot weather are being felt in those areas in which it has and is happening. Full effect of the decline in production has not yet been fully reported. Other areas are experiencing fairly good weather for milk production, but components and output are declining seasonally, but remain higher than a year ago. ...

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