DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jul 3, 2014 11:32 AM CDT


CORN: 1 Lower
SOYBEAN MEAL: $4.70 Lower
LIVE CATTLE: $2.62 Higher
DOW JONES: 96 Points Higher
NASDAQ: 25 Points Higher
CRUDE OIL: $0.67 Lower

Midday Market Update:

Block cheese price declined 1/2 cent to $1.96 3/4 with eight loads traded. Barrel cheese remained unchanged at $1.98 1/2 with one load traded. Despite the slight decline of block price, futures are higher correcting from being oversold as well as traders taking profits before the three-day weekend. There is some underlying idea held by many that price will bounce again and move back to $2 or ...

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