NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 9, 2014 12:51 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 7 1/4 Lower
SOYBEANS: 1 3/4 Lower
SOYBEAN MEAL: $3.80 Higher
LIVE CATTLE: $0.17 Higher
DOW JONES: 14 Points Lower
NASDAQ: 7 Points Lower
CRUDE OIL: $0.62 Lower

Midday Market Update:

Cheese buyers took a breather from the market Thursday after driving blocks to $2.20 per pound Wednesday and barrels to $2.16. Buyers have been a constant part of recent cheese trade, so their lack of presence cast some bearishness onto already weak Class III futures. Class III milk futures were weak throughout the morning and remained that way at midday with Feb through Apr ...

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