OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Lower |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $5.40 Lower |
| LIVE CATTLE: | $0.95 Lower |
| DOW JONES: | 138 Points Lower |
| NASDAQ: | 32 Points Lower |
| CRUDE OIL: | $1.00 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 2.50 cents, closing at $1.7250 with no loads traded. Price may retest the low and possibly fall below that due to no buyer interest. Barrel cheese price remained steady at $1.85 with no loads traded. Dry whey price declined 0.50 cent, ending at 47.50 cents with no loads traded. This did not provide support for Class III futures with prices 30 cents lower to one cent higher with only gain is seen in the May 2023 contract. Butter price increased 0.50 cent, closing at $3.0550 with eight loads traded. Grade A nonfat dry milk price declined 1.50 cents, closing at $1.55 with no loads traded. Class IV futures are mixed with October and January futures 35 cents and 11 cents lower, respectively, while May through July futures are 2 cents higher. Butter futures are 0.80 to 2.50 cents lower. Dry whey futures are 0.40 to 1.02 cents lower.
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