DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Jan 7, 2014 12:48 PM CST


CORN: 1 Lower
SOYBEANS: Unchanged
SOYBEAN MEAL: $3.00 Higher
LIVE CATTLE: $0.22 Lower
DOW JONES: 117 Points Higher
NASDAQ: 37 Points Higher
CRUDE OIL: $0.46 Higher

Midday Market Update:

Class III futures were both higher and lower prior to cash trading as traders positioned themselves for spot trading. Any bearishness that was prevalent was quickly put aside as cheese prices escalated. Block cheese increased 6 cents to $2.11 pushed up on a bid for two loads. Barrels jumped 11 cents to close trading at $2.06 with two loads traded. There was an unfilled bid remaining a penny ...

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