DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Feb 7, 2013 12:32 PM CST


CORN: 8 Lower
SOYBEANS: 1 Higher
SOYBEAN MEAL: $1.60 Higher
LIVE CATTLE: $0.40 Higher
DOW JONES: 85 Points Lower
NASDAQ: 17 Points Lower
CRUDE OIL: $0.85 Lower

Midday Market Update:

Class III futures followed through from Wednesday with double-digit higher trade overnight and early today. Aggressive buying ran its course despite barrel price increasing 1/2 cent to $1.55 1/2 with no loads traded. There was an unfilled bid for two loads of barrels setting the higher price. Block price remained steady at $1.64 3/4 with no loads traded. An unfilled bid was posted slightly below the market. ...

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