DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue May 7, 2013 12:49 PM CDT


CORN: 1 Higher
SOYBEANS: 16 Higher
SOYBEAN MEAL: $3.00 Higher
LIVE CATTLE: $0.30 Lower
DOW JONES: 69 Points Higher
NASDAQ: 2 Points Higher
CRUDE OIL: $0.70 Lower

Midday Market Update:

Block cheese price fell as aggressive buying interest dried up. This is what traders had anticipated would happen and the reason milk futures were declining even though cheese prices were increasing. Block price declined 5 cents to $1.86 1/2 with eight loads traded. There were no more offers remaining, but two unfilled bids were posted 1/2 cent lower. Barrel price remained unchanged at $1.73 1/2 with one ...

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