DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Jul 12, 2013 12:54 PM CDT


CORN: 12 Lower
SOYBEANS: 28 Lower
SOYBEAN MEAL: $9.60 Lower
LIVE CATTLE: $0.02 Lower
DOW JONES: 24 Points Lower
NASDAQ: 3 Points Higher
CRUDE OIL: $0.82 Higher

Midday Market Update:

Block cheese prices remained steady at $1.67 1/2 with no loads traded. Barrel prices declined 2 cents to close at $1.65 with one load traded. The inversion of the block/barrels spread was brief and likely the result of immediate demand that needed to be filled. Butter prices declined 3 1/2 cents to $1.46 with one load traded. This took more of the wind out of the market. ...

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