DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Jan 30, 2013 01:10 PM CST


CORN: 8 Higher
SOYBEANS: 27 Higher
SOYBEAN MEAL: $8.80 Higher
LIVE CATTLE: $0.25 Lower
DOW JONES: 1 Point Higher
NASDAQ: 1 Points Lower
CRUDE OIL: $0.07 Lower

Midday Market Update:

Cheese activity was slow to develop, but finally as load of barrels showed up for sale at a 1/4 cent lower and was purchased leaving the settling price at $1.53. Block price remained steady at $1.64 1/2 with no trading activity. The block/barrel spread is being stretched and will need to correct soon. Butter prices increased 1/2 cent to $1.55 1/2 with 11 loads traded. Two unfilled ...

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