NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Sep 24, 2013 09:55 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 8 Higher
Soybean Meal Futures: $4 to $6 Higher
Wheat Futures: 5 to 7 Higher

Milk:

Milk futures are called to open mixed Tuesday. Previous support in butter prices was offset by lower cheese prices. Traders in the milk market were also focusing on the clearance of dairy products over the last month in the Cold Storage report. Cheese and butter levels are significantly lower than July levels but ...

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