DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jul 29, 2013 12:17 PM CDT


CORN: 2 Lower
SOYBEANS: 4 Higher
SOYBEAN MEAL: $0.30 Higher
LIVE CATTLE: $0.35 Higher
DOW JONES: 45 Points Lower
NASDAQ: 11 Points Lower
CRUDE OIL: $0.10 Higher

Midday Market Update:

There were hopes cash prices would move higher from buyer support. However, the inability of cheese prices to increase and a decline of butter price did not sit well in traders' minds. More bearish developments for grain prices added to the pressure pushing milk futures lower. Both blocks and barrels remained steady with only an unfilled bid for a load of barrels posted a penny below the ...

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