DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Aug 15, 2013 01:00 PM CDT


CORN: 16 Higher
SOYBEANS: 22 Higher
SOYBEAN MEAL: $4.20 Higher
LIVE CATTLE: $0.12 Lower
DOW JONES: 206 Points Lower
NASDAQ: 57 Points Lower
CRUDE OIL: $0.45 Higher

Midday Market Update:

The pattern is intact with no trade this week in cheese. Both blocks and barrels remained unchanged at $1.77 with barrels at $1.76 1/2. Buyers are comfortable at current price levels. Plenty of supply is available for demand, keeping buyers purchasing mainly on an as-needed basis. Butter price remained unchanged at $1.38 with no trades. A bid was posted at $1.35 with an offer at $1.40. It certainly ...

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