NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jun 16, 2014 12:34 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 6 Lower
SOYBEANS: 5 Lower
SOYBEAN MEAL: $6.30 Lower
LIVE CATTLE: $0.02 Higher
DOW JONES: 15 Points Higher
NASDAQ: 8 Points Higher
CRUDE OIL: $0.08 Lower

Midday Market Update:

The week begins with little in the way of market direction. Cheese prices did decline, but price weakness had no impact on Class III futures. Contracts are double-digits higher in July through October in light trading. Sideways trading lends itself to slowly increasing contract prices due to the discount contained in later contracts. Block cheese price declined a penny to close at $2.02 with 5 loads traded. ...

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