NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Mar 5, 2014 12:49 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 5 Higher
SOYBEAN MEAL: $0.60 Lower
LIVE CATTLE: $2.05 Lower
DOW JONES: 31 Points Lower
NASDAQ: 10 Points Higher
CRUDE OIL: $1.54 Lower

Midday Market Update:

Class III futures were lower overnight and through early open outcry trading. However, as spot trading drew closer, futures moved higher in anticipation of either higher cash prices or the necessity of taking back some of the discount put into the market over the past two days. Traders who anticipated cheese prices to increase were not disappointed. Block price increased a penny to $2.23 3/4 ...

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