NEWS
DTN Midday Dairy Comments
Rick Kment DTN Analyst
Tue Aug 12, 2014 12:54 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 1/4 Higher
SOYBEANS: 26 Lower
SOYBEAN MEAL: $1.00 Higher
LIVE CATTLE: $2.65 Lower
DOW JONES: 1 Points Lower
NASDAQ: 11 Points Lower
CRUDE OIL: $1.06 Lower

Midday Market Update:

Strong gains in butter and cheese exchange traded markets Tuesday helped to spark additional buyer support through nearby Class III milk futures. Double-digit gains are holding in nearby milk futures with September contracts holding a 26-cent-per-cwt gain. Support in milk is focused on the ability to draw buyers into the cash exchange markets day after day. Butter prices moved to $2.43 per cwt a pound after a ...

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