OUTSIDE MARKETS SUMMARY:
CORN: | 10 Lower |
SOYBEANS: | 25.25 Lower |
SOYBEAN MEAL: | $13.20 Lower |
LIVE CATTLE: | $1.33 Higher |
DOW JONES: | 500 Points Lower |
NASDAQ: | 890 Points Higher |
CRUDE OIL: | $0.98 Higher |
MIDDAY MARKET UPDATE:
Block cheese jumped 7 cents, closing at $2.1350 with two loads traded. Barrels increased 3 cents to $2.0400 with two loads traded. Butter price was up 0.25 cent to $2.9050 with three loads traded. Grade A nonfat dry milk closed at $1.4000, up a penny and a half with two loads traded. Dry whey increased a half cent, closing at $0.4400 with two loads traded. Despite higher spot prices, Class III milk futures were 2 cents lower to 12 cents higher. Class IV futures were steady to 3 cents higher. Butter futures were 0.72 to 0.25 cents lower. Futures for dry whey were 0.05 to 0.60 cent lower.