OUTSIDE MARKETS SUMMARY:
| CORN: | 4 Higher |
| SOYBEANS: | 8 Higher |
| SOYBEAN MEAL: | $6.30 Higher |
| LIVE CATTLE: | 0.17 Higher |
| DOW JONES: | 99 Points Higher |
| NASDAQ: | 62 Points Higher |
| CRUDE OIL: | $1.08 Higher |
MIDDAY MARKET UPDATE:
Sellers of cheese came out of the woodwork today during spot trading wanting to take advantage of the high cheese prices. Block cheese price declined 1.50 cents closing at $2.1825 with four loads traded. Barrel cheese price declined 2.50 cents closing at $1.80 with 11 loads traded. Only offers remained at the close of spot trading. The positive aspect was that buyers did purchase quite a few loads without too much of a decline of prices. Dry whey took a beating with price declining 3.75 cents closing at 35.25 cents with eight loads traded. that was quite a few loads that traded during the dry whey trading session. This moves price down to the lowest level since September 15, 2020. Class III futures are 16 cents lower to 3 cents higher. Butter price increased a penny closing with one load traded. Grade A nonfat dry milk price remained unchanged $1.2775 with no loads traded. Class IV futures are mixed ranging from 5 cents lower to 22 cents higher. Butter futures are 0.75–2.50 cents higher. Dry whey futures are 0.50–1.00 cent lower.
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