OUTSIDE MARKETS SUMMARY:
| CORN: | 19 Lower |
| SOYBEANS: | 20 Higher |
| SOYBEAN MEAL: | $9.60 Higher |
| LIVE CATTLE: | $0.35 Higher |
| DOW JONES: | 19 Points Lower |
| NASDAQ: | 63 Points Lower |
| CRUDE OIL: | $0.74 Lower |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.8625 with no loads traded. Barrel cheese price declined 5 cents closing at $1.78 with two loads traded. Dry whey price gained 0.25 cent closing at 26.25 cents. There were some low bids placed at the beginning of spot trading for cheese and those bids did not move. No sellers showed up for blocks with the lower bid not changing. The low bid did not change for barrels either, but trading did take place as offers were lowered and some buyers stepped in. Class III futures are 14-40 cents lower Front-month July is a penny higher. Butter price increased 6 cents closing at $2.6725 with nine loads traded. This is the highest price it has been since December 20, 2022. Grade A nonfat dry milk slipped 0.25 cent closing at $1.15 with no loads traded. Class IV futures are 14-31 cents higher. Butter futures are 1.00-7.50 cents higher Dry whey futures are steady to 1.30 cents lower.
