NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Oct 1, 2014 12:47 PM CDT

OUTSIDE MARKETS SUMMARY:

CORN: 1 Higher
SOYBEANS: 2 Higher
SOYBEAN MEAL: $0.20 Lower
LIVE CATTLE: $1.87 Higher
DOW JONES: 246 Points Lower
NASDAQ: 62 Points Lower
CRUDE OIL: $0.76 Higher

Midday Market Update:

Block cheese price declined 2 1/2 cents to close at $2.18 1/4 with two loads traded. An uncovered offer set the closing price. Barrels fell 8 1/2 cent with no loads traded and an offer setting the price. This brought the block/barrel spread quickly back to normal. Indications had been that barrels were in a tighter position than blocks, but that certainly was not the case ...

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