DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Dec 19, 2013 12:42 PM CST


CORN: 3 Higher
SOYBEAN MEAL: $1.60 Lower
LIVE CATTLE: $0.55 Higher
DOW JONES: 24 Points Higher
NASDAQ: 11 Points Lower
CRUDE OIL: $1.36 Higher

Midday Market Update:

Class III futures prices are on a roll with higher prices again Thursday. Increasing cheese prices caused more short-covering, which is dominating trade. January through April contracts post double-digit gains, pushing January near $19.50. Cheese supplies are being held tightly with handlers and plants filling needs, but not sensing the urgency to move product. Block cheese price increased 1 1/4 cents higher at $1.98 1/2 with price ...

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