DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jul 11, 2013 12:51 PM CDT


CORN: 5 Higher
SOYBEANS: 10 Higher
SOYBEAN MEAL: $9.70 Higher
LIVE CATTLE: $0.07 Higher
DOW JONES: 134 Points Higher
NASDAQ: 45 Points Higher
CRUDE OIL: $1.92 Lower

Midday Market Update:

There was anticipation spot prices would not move much or at least not in a positive direction. Block cheese price did increase 1/4 cent to $1.67 1/2 while barrels declined 1 1/2 cents to close at $1.67. The block/barrel spread continues to trade places with it moving back to normal with blocks above barrel. The spread is not back to normal which is 3-4 cents, but it ...

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