NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Mar 7, 2013 12:18 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 4 Lower
SOYBEANS: 16 Higher
SOYBEAN MEAL: $1.10 Higher
LIVE CATTLE: $0.05 Higher
DOW JONES: 46 Points Higher
NASDAQ: 8 Points Higher
CRUDE OIL: $0.67 Higher

Midday Market Update:

Buyers stepped up in the attempt to pick up some cheese, but were unable to entice sellers to let go of some product. Block cheese price increased 2 cents to close at $1.59 with barrel price increasing 1 3/4 cents to close at $1.58. Support has returned to the market, but traders are not convinced increasing prices will continue. Once immediate demand is filled again, it is possible prices may ...

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