NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Nov 4, 2013 01:01 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: Unchanged
SOYBEANS: 1 Higher
SOYBEAN MEAL: $2.40 Higher
LIVE CATTLE: Unchanged
DOW JONES: 3 Points Higher
NASDAQ: 7 Points Higher
CRUDE OIL: $0.27 Higher

Midday Market Update:

Traders were waiting for price direction from spot prices at midday. Cheese activity and price movement was disappointing with none interested in doing any business. Prices remained steady. This kept futures prices supported with contracts mostly higher. Optimism for continued strength seems to be growing. Milk production has been slow to rebound while demand is good and improving. Butter price increased 1 1/4 cents to $1.54 1/2 with two loads ...

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