Robin Schmahl DTN Contributing Analyst
Mon Jan 28, 2013 01:01 PM CST


CORN: 3 Higher
SOYBEANS: 2 Higher
SOYBEAN MEAL: $1.30 Higher
LIVE CATTLE: $2.57 Higher
DOW JONES: 9 Points Lower
NASDAQ: 3 Points Higher
CRUDE OIL: $0.32 Higher

Midday Market Update:

Traders did not anticipate strength in the underlying cash as Class III futures were lower during overnight trade. The trend continues downward. Supply is overwhelming the market and keeping buyers on the sidelines purchasing as-needed and waiting for a bottom to be established. In the mean time, Class III futures continue to decline with February and March below $17.00. Block prices remained steady with no interest from ...

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