NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jan 14, 2013 12:37 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 14 Higher
SOYBEANS: 37 Higher
SOYBEAN MEAL: $11.80 Higher
LIVE CATTLE: $0.05 Higher
DOW JONES: 6 Points Higher
NASDAQ: 15 Points Lower
CRUDE OIL: $0.01 Lower

Midday Market Update:

Class III futures were under pressure early, but found some buyer support from steady cheese prices. No one was interested in doing any business. Butter price increased 1/2 cent to $1.46 with on load traded. This added to market support. Traders remain cautious. Butter price has done this a few times in the past. Cheese and butter buyers are comfortable with current supplies and continue to purchase ...

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