NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jan 29, 2013 12:44 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 2 Higher
SOYBEANS: 3 Higher
SOYBEAN MEAL: $2.00 Higher
LIVE CATTLE: $0.47 Lower
DOW JONES: 69 Points Higher
NASDAQ: 2 Points Lower
CRUDE OIL: $0.86 Higher

Midday Market Update:

Traders had anticipated weakness in cash prices overnight and the decline in barrels supported that idea. Supply is plentiful with manufacturers continuing to move product to the spot market. Barrel price declined 3 3/4 cents to end at $1.53 1/4 with five loads traded. An uncovered offer remained at $1.54. Block price held strong at $1.64 1/2 with one load traded. This moves the block/barrel spread to ...

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