NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jul 15, 2013 09:29 AM CDT

Opening Calls:

Class III Milk Futures: 2 to 5 Lower
Class IV Milk Futures: Mixed
Butter Futures: Mixed

Outside Market Opening Calls:

Corn Futures: 4 to 6 Lower
Soybean Futures: 1 to 3 Lower
Soybean Meal Futures: Mixed
Wheat Futures: 5 to 8 Lower

Milk:

Milk production is slowly rebounding in the West after relief from the heat wave has subsided. It is unlikely production will return to previous levels, but stress on cattle is not quite as severe. Milk supply is not termed as tight. It is ample to meet demand from both bottling and manufacturing. Some manufacturers would ...

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