OUTSIDE MARKETS SUMMARY:
| CORN: | 12 Higher |
| SOYBEANS: | 38 Higher |
| SOYBEAN MEAL: | $18.70 Higher |
| LIVE CATTLE: | $0.70 Higher |
| DOW JONES: | 23 Points Higher |
| NASDAQ: | 18 Points Lower |
| CRUDE OIL: | $0.73 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 1.50 cents, closing at $1.3750 with one load traded. Barrel cheese price slipped 0.25 cent, closing at $1.5250 with one load traded. Buyers and sellers just were not very aggressive Friday. Dry whey price increased 0.25 cent, closing at 27.50 cents with 10 loads traded. Class III futures are mixed, ranging from 7 cents lower to 27 cents higher. A bit more selling pressure is surfacing as the market moves to the end of the day. Butter price declined 0.50 cent, closing at $2.3650 with no loads traded. Grade A nonfat dry milk price gained 0.25 cent, ending at $1.1575 with no loads traded. Spot markets just cannot find any reason to find strength and trend higher. Class IV futures are 1-2 cents lower. Butter futures are 0.35 cent lower to 1.65 cents higher. Dry whey futures have not yet traded. Markets will be closed on Monday for the Juneteenth holiday and reopen Monday night.
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