NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Apr 30, 2013 01:10 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 3 Lower
SOYBEAN MEAL: $1.80 Lower
LIVE CATTLE: $0.12 Lower
DOW JONES: 4 Points Higher
NASDAQ: 18 Points Higher
CRUDE OIL: $1.05 Lower

Midday Market Update:

A buyer was aggressively looking for a load, but was unable to find one No offers were posted with price increasing 1 3/4 cents to $1.68 1/2. Barrels fell 1/2 cent to $1.68 1/2 with 8 loads traded. There was one seller with 3 different buyers. The block/barrel spread has now moved to 22 1/2 cents. This leaves a lot of speculation as to how long this will last ...

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