OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 10 Lower |
| SOYBEAN MEAL: | $4.20 Lower |
| LIVE CATTLE: | $0.42 Higher |
| DOW JONES: | 12 Points Higher |
| NASDAQ: | 61 Points Lower |
| CRUDE OIL: | $1.23 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 7 cents closing at $1.60 with no loads traded. There were 2 uncovered offers remaining at the close. Price has moved to the lowest level since November 17, 2021. Barrel cheese price declined 2.25 cents settling at $1.53 with one load traded. Dry whey price declined 3 cents closing at 33.25 cents with 15 loads traded. Price is back to the lowest level since January 31. Class III futures were lower price to spot trading and then saw further pressure after spot prices declined. Butter price remained steady at $2.40 with no loads traded and one offer remaining at the close. Grade A nonfat dry milk remained unchanged at $1.1650 with no loads traded and one load offered. No buyers showed up for butter or nonfat dry milk. Class III futures have not yet traded. Butter futures are 2.72 cents lower to 1.00 cent higher. Dry whey futures are 1.00 to 2.25 cents lower.
