NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Oct 3, 2013 12:42 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 3 Higher
SOYBEANS: 12 Higher
SOYBEAN MEAL: $9.40 Higher
LIVE CATTLE: $0.05 Higher
DOW JONES: 126 Points Lower
NASDAQ: 45 Points Lower
CRUDE OIL: $0.59 Lower

Midday Market Update:

Spot markets are the only drivers of milk futures. There is no news coming through USDA due to the government shutdown. One has to wonder how long this will continue. The negative impact on many services and the economy will increase as the days unfold. It does not seem to be having any significant impact on commodities as of yet. Block cheese price remained steady at $1.76 ...

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