NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Fri Nov 8, 2013 01:07 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 4 Higher
SOYBEANS: 22 Higher
SOYBEAN MEAL: $15.90 Higher
LIVE CATTLE: $0.57 Higher
DOW JONES: 106 Points Higher
NASDAQ: 59 Points Higher
CRUDE OIL: $0.32 Higher

Midday Market Update:

Traders were cautious over the potential fall of cheese prices this week and their fears were justified. This caution kept market participants from holding large positions either one way or the other in milk futures. The decline of 8 cents in block cheese price to $1.82 1/4 and barrels down 1 1/4 cents to $1.78 1/4 did not affect milk futures. Most contracts are higher as traders are digesting ...

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