OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Higher |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $5 Higher |
| LIVE CATTLE: | $0.35 Lower |
| DOW JONES: | 34 Points Higher |
| NASDAQ: | 60 Points Higher |
| CRUDE OIL: | $0.08 Higher |
MIDDAY MARKET UPDATE:
Block cheese price slipped 0.50 cent, closing at $1.39 with five loads traded. Barrel cheese price increased 0.25 cent, closing at $1.3925 with nine loads traded. There were six unfilled bids for blocks and 14 unfilled bids for barrels at the close.
This is interesting as there is interest in buying, but not aggressively. Buyers are waiting for sellers to offer supply at steady to lower prices.
Dry whey price increased 0.75 cent, closing at 38 cents with no loads traded. Class III futures are 24 cents lower to 3 cents higher. The December 2024 contract is hit the hardest. Butter price fell 6 cents, closing at $2.54 with two loads traded. There were two unfilled bids remaining at the close. Grade A nonfat dry milk price increased 0.50 cent, closing at $1.16 with one load traded. Class IV futures have not yet traded. Butter futures are 1.22 cents lower to 0.47 cent higher. Dry whey futures are 0.25 cent lower to 1 cent higher. USDA will release the November Cold Storage report this afternoon.
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