OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Higher |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $1.10 Lower |
| LIVE CATTLE: | $1.12 Higher |
| DOW JONES: | 148 Points Higher |
| NASDAQ: | 96 Points Higher |
| CRUDE OIL: | $1.32 Lower |
MIDDAY MARKET UPDATE:
Block cheese price declined 5 cents closing at $1.4725 with five loads traded. There were three unfilled bids and 11 uncovered offers remaining at the close. Barrel cheese price fell 8.25 cents, closing at $1.57 with four loads traded. There was one unfilled bid and four uncovered offers remaining at the close. Cheese prices almost eliminated the gains of yesterday. Dry whey price remained unchanged at 27.50 cents with 6 loads traded. Class III futures were hit hard with contracts ranging from 16-42 cents lower. July futures were down 66 cents at one point in time. Butter price increased a penny closing at $2.37 with three loads traded. Grade A nonfat dry milk price gained a penny closing at $2.37 with three loads traded. Class IV futures are steady to 13 cents higher with the gain seen in April 2024 with a volume of 79 contracts. Traders are taking advantage of a price increase between now and then. Butter futures are 1.17 cents lower to 1.75 cents higher. Dry whey futures are unchanged to 0.57 cents lower.
