NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jan 23, 2013 12:41 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 5 Lower
SOYBEANS: 12 Lower
SOYBEAN MEAL: $5.20 Lower
LIVE CATTLE: $0.25 Lower
DOW JONES: 72 Points Higher
NASDAQ: 12 Points Higher
CRUDE OIL: $0.66 Lower

Midday Market Update:

Both block and barrel cheese prices remained steady with no loads traded. There was an uncovered offer for a load of barrels 3 cents higher. Traders are not reading anything into the offer placed at the higher price. The overall tone of the market is bearish with plenty of supply available for demand. Butter price was unchanged with three loads traded at the steady price of $1.50 ...

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