DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Mar 5, 2013 01:17 PM CST


CORN: 6 Higher
SOYBEANS: 5 Higher
SOYBEAN MEAL: $1.60 Higher
LIVE CATTLE: $0.70 Lower
DOW JONES: 136 Points Higher
NASDAQ: 38 Points Higher
CRUDE OIL: $0.64 Higher

Midday Market Update:

Block cheese price remained steady at $1.55 with no loads traded. There were unfilled bids for 4 loads at the steady price. Barrel price increased 1/2 cent to $1.54 with one load traded and one load bid at the closing price. This activity triggered short-covering, pushing contracts double-digits higher. June is the leader with price up 35 cents. March is struggling to move back to $17.00, but with a good ...

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