DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jan 16, 2013 12:44 PM CST


CORN: 4 Lower
SOYBEANS: 16 Higher
SOYBEAN MEAL: $5.10 Higher
LIVE CATTLE: $1.30 Lower
DOW JONES: 35 Points Lower
NASDAQ: 5 Points Higher
CRUDE OIL: $0.81 Higher

Midday Market Update:

Block cheese prices declined a penny to $1.71 with one load traded. Barrel prices declined 3/4 cent with two loads traded. Hand-to-mouth business has dominated the industry and kept prices from finding support. Supply is readily available for demand. Manufacturers are not as concerned over greater plant inventories as they had been through the end of 2012. Pushed up by a bid, butter prices increased 1/4 cent ...

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