NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Aug 13, 2013 10:03 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 5 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 1 to 4 Higher
Soybean Futures: 8 to 10 Higher
Soybean Meal Futures: $2 to $4 Higher
Wheat Futures: 3 to 4 Higher

Milk:

Light pressure is expected to be seen through Tuesday morning in Class III milk. Traders are focusing on the post-report rally in corn and soybeans. Even though production costs remain firm to higher, the lack of aggressive follow-through support over the next couple of days could keep milk prices under pressure. The pullback ...

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