NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Mar 18, 2014 12:42 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 7 Higher
SOYBEANS: 20 Higher
SOYBEAN MEAL: $6.40 Higher
LIVE CATTLE: $0.67 Higher
DOW JONES: 80 Points Higher
NASDAQ: 41 Points Higher
CRUDE OIL: $1.41 Higher

Midday Market Update:

Traders waited for cheese market direction from spot trading, but saw none. Block remained at $2.40 with barrels at $2.30 1/2. Buyers and sellers stayed away, showing no interest. It is possible no one wanted to show their hand, resulting in a stand-off. There was no trading activity in butter, leaving price at $1.90, but a bid was posted a penny lower. Grade A nonfat dry milk ...

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