DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jul 19, 2013 01:32 PM CDT


CORN: 4 Higher
SOYBEANS: 20 Higher
SOYBEAN MEAL: $11.30 Higher
LIVE CATTLE: $0.32 Lower
DOW JONES: 27 Points Lower
NASDAQ: 30 Points Lower
CRUDE OIL: $0.14 Lower

Midday Market Update:

Buyers came to the spot market with the intent of obtaining more supply. There is a greater concern developing over milk supply as a result of hot weather. Current milk supply is sufficient to meet demand, but tightening is being seen in some areas. The overall impact is yet to be calculated as the next few weeks unfold. Temperatures will cool down in many areas of the country ...

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