NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Jul 16, 2013 08:40 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: 10 to 13 Higher
Soybean Futures: 15 to 20 Higher
Soybean Meal Futures: $3 to $7 Higher
Wheat Futures: 5 to 7 Higher

Milk:

Class III milk futures are called to open moderately higher Tuesday. Pressure in the corn market Monday seemed to create some support for lower production costs. But with renewed buyer activity through the grain markets, there could be an emphasis placed on cutting costs of production once again. That may limit milk production over ...

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