NEWS
DTN Opening Dairy Comments
Rick Kment DTN Analyst
Tue Sep 30, 2014 09:56 AM CDT

Opening Calls:

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

Outside Markets:

Corn Futures: Steady to 2 Lower
Soybean Futures: 6 to 10 Lower
Soybean Meal Futures: $1 to $3 Lower
Wheat Futures: 3 to 5 Lower

Milk:

Class III milk futures are expected to continue to remain on the defensive following strong losses in cash values early in the week. Even though additional product still needs to be secured for end-of-year and holiday needs, buyers are not willing to aggressively step into a market filled with falling price levels. ...

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