NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Tue Oct 22, 2013 12:05 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 4 1/4 Lower
SOYBEANS: 1 Lower
SOYBEAN MEAL: $0.30 Lower
LIVE CATTLE: $0.57 Higher
DOW JONES: 55 Points Higher
NASDAQ: 12 Points Higher
CRUDE OIL: $0.59 Lower

Midday Market Update:

Class III milk traders were willing to push futures higher immediately following a jump in barrel cheese price on the spot market. Early indications from traders showed hesitancy to support milk prices, especially after the USDA Dairy Products report Monday showed strong production of cheese and butter, up 3.9% and 4.7%, respectively, for the month of August. Despite the report, barrel cheese activity was enough ...

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