NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Dec 18, 2013 12:46 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 2 Lower
SOYBEANS: 18 Lower
SOYBEAN MEAL: $4.80 Lower
LIVE CATTLE: $0.55 Lower
DOW JONES: 5 Points Lower
NASDAQ: 28 Points Lower
CRUDE OIL: $0.51 Higher

Midday Market Update:

Class III futures were higher prior to spot trading and remained that way after. Actually, price increases in closer months are minimal in relation to the past few days. The round of short-covering that dominated the last few days seems to have run its course with futures settling down to keeping pace with the underlying cash. Block cheese price increased 2 1/4 cents to close at $1.97 ...

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