NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Feb 12, 2013 01:14 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 7 Lower
SOYBEANS: 10 Lower
SOYBEAN MEAL: $2.70 Lower
LIVE CATTLE: $1.32 Lower
DOW JONES: 66 Points Higher
NASDAQ: 2 Points Higher
CRUDE OIL: $0.53 Higher

Midday Market Update:

Cash stability Monday caused milk futures to decline on some thought that prices might have reached resistance. More aggressive buyer interest has surfaced as improved price got the attention of buyers. Short covering is pushing prices. Traders still feel that upside potential is limited, but the fact prices are improving is certainly a good sign. Block price increasing a penny to $1.66 with 2 loads traded and ...

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