DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon Jan 13, 2014 01:03 PM CST


CORN: 2 Higher
SOYBEANS: 22 Higher
SOYBEAN MEAL: $11.10 Higher
LIVE CATTLE: $0.07 Higher
DOW JONES: 109 Points Lower
NASDAQ: 25 Points Lower
CRUDE OIL: $0.91 Lower

Midday Market Update:

Class III futures were higher overnight and into spot trading. Traders did not know what to expect from buyers and sellers. Unchanged cheese prices resulted in higher futures prices as more price discount was erased as contracts converged to cash. Both blocks and barrels closed steady for the third consecutive day. Butter price increased 2 1/2 cents to close at $1.70 with price set on an unfilled ...

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