OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 17 Lower |
| SOYBEAN MEAL: | $9.50 Lower |
| LIVE CATTLE: | $0.50 Higher |
| DOW JONES: | 579 Points Higher |
| NASDAQ: | 347 Points Higher |
| CRUDE OIL: | $2.82 Higher |
MIDDAY MARKET UPDATE:
Block cheese price gained 4 cents, closing at $2.38 with one load traded. Block cheese has bounced from the bottom of the trading range, keeping the market sideways. Barrel cheese price remained unchanged at $2.34 with three loads traded. Dry whey price remained unchanged at 57.50 cents with no loads traded. Butter price increased 2 cents, closing at $2.6350 with two loads traded. Grade A nonfat dry milk price gained 1.25 cents, closing at $1.74 with two loads traded. This provided the catalyst to push milk futures higher. Class III futures are 8 to 45 cents higher in 2022 contracts and unchanged to 11 cents lower in the first half of 2023. Class IV futures are 11 cents lower to 30 cents higher. Butter futures are 0.25 to 2.47 cents higher. Dry whey futures are steady to 3.00 cents higher.
