NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jul 1, 2014 12:51 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 3 Lower
SOYBEANS: 4 Lower
SOYBEAN MEAL: $4.10 Lower
LIVE CATTLE: $1.70 Higher
DOW JONES: 167 Points Higher
NASDAQ: 63 Points Higher
CRUDE OIL: $0.50 Lower

Midday Market Update:

Sellers of block cheese came out of the woodwork Tuesday, resulting in eight loads trading. Buyers were ready to pick up what was offered at $2.00, but sellers wanted to unload product pushing price down to $1.98 3/4. Barrels did not see as much activity with only one load traded bringing price down 2 3/4 cents to $1.98 1/4. Butter retraced from the record high established yesterday ...

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