NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Thu Oct 10, 2013 10:13 AM CDT

Opening Calls:

Class III Milk Futures: Mixed
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: Steady to 2 Lower
Soybean Futures: 7 to 10 Higher
Soybean Meal Futures: $1 to $3 Higher
Wheat Futures: 1 to 3 Higher

Milk:

Milk is expected mixed in a narrow range as traders try to gauge the recent shifts in cash prices with outside market moves. Traders are focusing on the potential of weaker corn prices with lower production costs and possible milk production gains. Although many in the market would welcome additional short-term milk available ...

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