DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jul 22, 2013 12:16 PM CDT


CORN: 3 Lower
SOYBEANS: 28 Higher
SOYBEAN MEAL: $18.70 Higher
LIVE CATTLE: $0.20 Lower
DOW JONES: 19 Points Higher
NASDAQ: 12 Points Lower
CRUDE OIL: $0.99 Lower

Midday Market Update:

Block cheese price turned tail again, declining 2 cents to close at $1.72 3/4 with two loads traded. Barrels lost 4 1/4 cents to end at $1.69 3/4 with two loads traded. Higher milk production during June than was anticipated as well as cheese prices having increased last week to where sellers deemed it attractive, triggering more aggressive selling. There is concern the June "Cold Storage" report ...

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