DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Sep 26, 2013 12:47 PM CDT


CORN: 1/4 Lower
SOYBEAN MEAL: $1.70 Lower
LIVE CATTLE: $0.02 Lower
DOW JONES: 47 Points Higher
NASDAQ: 26 Points Higher
CRUDE OIL: $0.22 Higher

Midday Market Update:

Milk trade at the CME Class III futures has been modest at best this morning as traders cautiously hold back. It appears the market is at a stand-off between the current fundamentals and seasonality. The recent Milk Production and Cold Storage reports are still fresh on the minds of traders, both of which had relatively bearish news. On the other hand, they also see that demand ...

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