NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Oct 17, 2013 12:48 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 1 Lower
SOYBEANS: 13 Higher
SOYBEAN MEAL: $7.50 Higher
LIVE CATTLE: $0.07 Lower
DOW JONES: 47 Points Lower
NASDAQ: 13 Points Higher
CRUDE OIL: $1.61 Lower

Midday Market Update:

Block cheese price increased 1 1/4 cents to $1.84 3/4 with 4 loads traded. Barrel cheese price declined 1 1/4 cents to $1.76 1/2 with 4 loads traded. This divergence favors lower overall price for the day due to the weighted average between blocks and barrels favoring barrels. The result is slightly lower futures contracts in most contracts. Butter price declined 2 cents to $1.50 with 6 ...

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