NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Dec 10, 2013 12:51 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 5 1/2 Lower
SOYBEANS: 2 3/4 Lower
SOYBEAN MEAL: $3.30 Higher
LIVE CATTLE: $0.27 Lower
DOW JONES: 34 Points Lower
NASDAQ: 4 Points Lower
CRUDE OIL: $0.98 Higher

Midday Market Update:

Milk futures were weak throughout the morning with very light volume seen in each contract month. Traders were aware of negative cash cheese session from the previous day and had no other news to trade off. The rally seen on Monday was likely in-part a result of margin-stressed liquidation. Block cheese traded 3/4 cents higher to $1.88 per pound where three loads were exchanged. ...

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