DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Nov 6, 2013 12:51 PM CST


CORN: 3 Lower
SOYBEANS: 4 Higher
SOYBEAN MEAL: $2.40 Higher
LIVE CATTLE: Unchanged
DOW JONES: 111 Points Higher
NASDAQ: 9 Points Lower
CRUDE OIL: $1.72 Higher

Midday Market Update:

Block cheese price remained unchanged with two loads changing hands. Barrel price fell into a void with a seller wanting to move a load, but unable to find a buyer even after offering 7 1/4 cents lower to $1.79 3/4. This was unexpected because cheese prices diverging this much is unusual. All futures fell in response, but March and later contracts have since rebounded, with future trading slightly ...

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