NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Thu Jan 16, 2014 12:56 PM CST

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 2 Lower
SOYBEAN MEAL: $1.80 Lower
LIVE CATTLE: $1.05 Higher
DOW JONES: 67 Points Lower
NASDAQ: 3 Points Higher
CRUDE OIL: $0.09 Lower

Midday Market Update:

Block cheese moved up after spending five days unchanged. Price increased 2 3/4 cents to close at $2.22 3/4. Barrel price increased 3 1/4 to $2.19 1/2. Both categories moved higher on unfilled bids. Sellers are nowhere to be found. Blocks are now within 5 3/4 cents of the record high set back in 2008. Fundamentals are different than that time, but nevertheless, it warrants prices being ...

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