NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Dec 20, 2013 12:58 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 12 Higher
SOYBEAN MEAL: $$.00 Higher
LIVE CATTLE: $0.77 Higher
DOW JONES: 87 Points Higher
NASDAQ: 46 Points Lower
CRUDE OIL: $0.20 Higher

Midday Market Update:

All were waiting for spot trading to see whether block cheese price would reach $2.00 before the end of the week. They were not disappointed as price reached that Friday with a load trading at that level. There was one unfilled bid remaining at the close. This raised more caution, pulling futures back from double-digit gains for a while, but buying strength eventually returned. Barrel price increased ...

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