NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jun 25, 2013 12:09 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 8 Higher
SOYBEAN MEAL: $3.70 Higher
LIVE CATTLE: $0.05 Higher
DOW JONES: 107 Points Higher
NASDAQ: 13 Points Higher
CRUDE OIL: $0.19 Higher

Midday Market Update:

Block cheese price remained steady, but that did not stem the tide of selling taking place in milk futures. Barrels declined 2 cents to $1.65 3/4. There were no trades with an uncovered offer for a load of barrels setting the price. This brings the spread back to normal after an extended period of time inverted. Liquidation continues for the second day as traders bail out of ...

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