NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Fri Oct 24, 2014 10:14 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 20 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Markets:

Corn Futures: 2 to 4 Lower
Soybean Futures: 6 to 8 Lower
Soybean Meal Futures: $3 to $5 Lower
Wheat Futures: 2 to 3 Higher

Milk:

Double-digit losses will likely redevelop at some point through the morning, although early trade is expected to remain extremely undeveloped and sluggish. After posting sharp near limit lows Thursday following the break in both cheese and butter prices, the door is open for additional widespread late week pressure. There is little incentive ...

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