NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Wed Oct 9, 2013 09:41 AM CDT

Opening Calls:

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

Outside Market Opening Calls:

Corn Futures: 1 to 2 higher
Soybean Futures: 5 to 10 Lower
Soybean Meal Futures: $3 to $5 Lower
Wheat Futures: Steady to 3 Lower

Milk:

Milk futures are called to open moderately higher although trade volume is expected to remain light. The previous pressure in cash butter prices Tuesday seems to have been worked through the system, despite the potential for additional market uncertainty in the coming days. Milk prices are likely to remain stuck ...

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