DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu May 16, 2013 12:43 PM CDT


CORN: 7 Lower
SOYBEANS: 16 Higher
SOYBEAN MEAL: $4.90 Higher
LIVE CATTLE: $0.07 Higher
DOW JONES: 4 Points Higher
NASDAQ: 5 Points Higher
CRUDE OIL: $0.84 Higher

Midday Market Update:

Block cheese price increased a penny to $1.76 1/2 with six loads traded. Barrel price gained 2 1/4 cents to end spot trading at $1.75 1/4 with three loads traded. It is ironic to see the block/barrel spread narrow more than usual after spending quite a bit of time exceptionally wide. At the rate it is moving, barrel price could invert if price moves above blocks. The ...

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