NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Sep 16, 2013 12:58 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 4 Lower
SOYBEANS: 34 Lower
SOYBEAN MEAL: $13.60 Lower
LIVE CATTLE: $0.25 Higher
DOW JONES: 126 Points Higher
NASDAQ: 1 Point Higher
CRUDE OIL: $1.24 Higher

Midday Market Update:

Milk futures were higher into spot trading, but quickly turned lower as cheese prices weakened. A seller for a load of blocks and a load of barrels came to the spot market unable to find buyers. There were no buyers interested in doing any business. Block cheese price declined 2 cents to $1.82 and barrel price declined 2 1/4 cents to $1.79. Butter was not immune to the weakness of cheese ...

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