DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Aug 25, 2014 12:24 PM CDT


CORN: 5 Lower
SOYBEANS: 27 Lower
SOYBEAN MEAL: $22.10 Lower
LIVE CATTLE: $0.82 Higher
DOW JONES: 74 Points Higher
NASDAQ: 15 Points Higher
CRUDE OIL: $0.37 Lower

Midday Market Update:

Block cheese price increased 1/4 to end at $2.26 1/2, but not until price initially dipped lower. Barrel price remained steady at $2.26 allowing for the block/barrel spread settling a bit more normal with block above barrels. This slight increase in block price kept Class III futures higher as contracts attempt to remain close to and anticipate underlying price strength. Butter price fell back from the ...

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