NEWS
DTN Midday Dairy Comments
Robin Schmahl DTN Contributing Analyst
Wed Sep 1, 2010 12:53 PM CDT
MARKETS SUMMARY:

CORN: 5 Higher
SOYBEANS: 3 Lower
SOYBEAN MEAL: $1.60 Lower
LIVE CATTLE: $0.35 Higher
DOW JONES: 236 Points Higher
NASDAQ: 53 Points Higher
CRUDE OIL: $2.26 Lower

Midday Market Update:

Block price remained steady at $1.71 without any interest in doing any business. Barrels increased a penny to $1.67 1/2 with price increasing on an unfilled bid. The increasing barrel price is mostly due to the attempt to keep the block/barrel spread fairly normal. September through November contracts are playing catch-up in the attempt to remain close to the underlying cash prices. The longer cheese prices remain higher bringing milk prices higher, ...

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