NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Nov 15, 2013 01:13 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 1 Lower
SOYBEANS: 27 Lower
SOYBEAN MEAL: $11.90 Lower
LIVE CATTLE: $0.37 Higher
DOW JONES: 56 Points Higher
NASDAQ: 7 Points Higher
CRUDE OIL: $0.20 Higher

Midday Market Update:

Block price increased 1/2 cents to $1.82 with two loads traded. Barrel price declined 1/4 cent to $1.75 3/4 on one trade. No support came from butter or nonfat dry milk powder as price remained steady. Butter initially traded lower before settling unchanged with five loads traded. This had a negative influence on the market with milk futures contracts through April posting double-digit losses. For the week, ...

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