OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 14 Lower |
| SOYBEAN MEAL: | $7.40 Lower |
| LIVE CATTLE: | $0.17 Lower |
| DOW JONES: | 299 Points Lower |
| NASDAQ: | 65 Points Lower |
| CRUDE OIL: | $1.44 Lower |
MIDDAY MARKET UPDATE:
Block cheese price gained 4.50 cents closing at $1.9975 with five loads traded. Barrel cheese price increased 7.25 cents closing at $1.96 with 16 loads traded. The buying interest in barrels has been surprising not only this week but last week as well. Price has moved to the highest level since November 17, 2022, and has increased 43 cents over the past two weeks. Dry whey price increased 0.75 cents closing at 46.75 cents with one load traded. Class III futures are steady to 44 cents higher with May showing the greatest gain. Butter price remained steady at $2.40 with no loads traded. No buyers or sellers showed up during spot trading. Grade A nonfat dry milk increased 0.75 cent ending at $1.1875 with one load traded. Class IV futures are steady to 2 cents lower with trading activity only taking place in the May and June contracts. Butter futures are steady to 1.50 cents higher. Dry whey futures are steady to 1.00 cent higher.
