DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Feb 8, 2013 01:39 PM CST


CORN: Unchanged
SOYBEANS: 28 Lower
SOYBEAN MEAL: $10.30 Lower
LIVE CATTLE: $0.90 Lower
DOW JONES: 46 Points Higher
NASDAQ: 31 Points Higher
CRUDE OIL: $0.25 Lower

Midday Market Update:

Block prices gained 1/4 cent to end at $1.65 with one load traded. Barrels gained 1/2 cent to close at $1.56 pushed up on an unfilled bid. This brings the block/barrels spread back to 9 cents which is still wide and unsustainable, but yet making progress. Butter remained steady at $1.55 1/2 with two loads traded. There were three unfilled bids at the closing price indicating good support. ...

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