DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jun 7, 2013 12:36 PM CDT


CORN: 3 Higher
SOYBEANS: 2 Higher
SOYBEAN MEAL: $0.20 Higher
LIVE CATTLE: $0.37 Lower
DOW JONES: 172 Points Higher
NASDAQ: 37 Points Higher
CRUDE OIL: $1.46 Higher

Midday Market Update:

Cheese prices extended gains since the retracement began midweek. Blocks increased 3/4 cent to end at $1.74 3/4 with 17 loads traded while barrels increased 1 3/4 cents moving to $1.76 with just one load traded. Activity is certainly picking up as buyers step in from the sidelines. Sellers are taking advantage of the higher prices to unload increasing supply. Butter followed with price increasing 1/2 cent ...

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