OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $4.40 Lower |
| LIVE CATTLE: | $0.90 Higher |
| DOW JONES: | 625 Points Lower |
| NASDAQ: | 419 Points Lower |
| CRUDE OIL: | $4.06 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 2.75 cents, closing at $2.3650 with two loads traded. Barrel cheese price gained a penny, closing at $2.38 with seven loads traded. Price initially increased 2 cents before slipped back to the closing price. Dry whey declined 4 cents, closing at 57.50 with five loads traded. This moves the dry whey price top the lowest level it has been since Sept. 24, 2021. Price reaching over 80 cents earlier this year resulted in some demand destruction. Butter price slipped 0.75 cent, closing at $2.65 with no loads traded. Grade A nonfat dry milk declined 4.75 cents, ending at $1.7075 with no loads traded. Nonfat price is the lowest it has been since Jan. 6. Class III futures are unchanged to 19 cents lower. Class IV futures are 24 to 49 cents lower. Butter futures are unchanged to 1.12 cents lower. Dry whey futures are 3.00 to 3.85 cents lower.
