OUTSIDE MARKETS SUMMARY:
CORN: | 6 Lower |
SOYBEANS: | 23 Lower |
SOYBEAN MEAL: | $2.50 Lower |
LIVE CATTLE: | $0.57 Lower |
DOW JONES: | 32 Points Higher |
NASDAQ: | 84 Points Higher |
CRUDE OIL: | $0.31 Higher |
MIDDAY MARKET UPDATE:
Block cheese price remained unchanged at $1.80 with no loads traded. There was no interest from buyers or sellers. Barrel cheese price plummeted 9 cents, closing at $1.72 with one load traded. This is the lowest price since July 21. There were three uncovered offers remaining at the close. The price of dry whey declined by a penny, closing at 29 cents with five loads traded. Class III futures were hit hard with contracts ranging from 3 cents to 37 cents lower. October and November are currently trading below $18. Butter price increased 5.25 cents, closing at $2.77 with three loads traded and three unfilled bids remaining at the close. Grade A nonfat dry milk price remained unchanged at $1.1125 with no loads traded. Class IV futures are 8 cents lower in three contract months. Butter futures are 2.97 cents lower to 1.35 cents higher. Dry whey futures are 0.35 -- 0.90 cent lower.