NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Dec 6, 2013 12:51 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 1 Lower
SOYBEANS: 5 Lower
SOYBEAN MEAL: $2.20 Lower
LIVE CATTLE: $0.25 Lower
DOW JONES: 195 Points Higher
NASDAQ: 34 Points Higher
CRUDE OIL: $0.19 Higher

Midday Market Update:

Both block and barrel prices remained unchanged with no activity. This in itself is not supportive to the market as prices could go either way. However, this gave the impression that sellers do not have burdensome supply that needs to come to the market. This triggered some short-covering, resulting in double-digit gains in December through March contracts. Overall futures price are mixed ranging from 8 cents lower ...

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