Tuesday, December 19, 2023

Tuesday Midday Dairy Market Summary - Butter Pushes Higher

OUTSIDE MARKETS SUMMARY:

CORN: 5 Lower
SOYBEANS: 13 Lower
SOYBEAN MEAL: $9.20 Lower
LIVE CATTLE: $0.07 Lower
DOW JONES: 201 Points Higher
NASDAQ: 68 Points Higher
CRUDE OIL: $0.91 Higher

MIDDAY MARKET UPDATE:

Block cheese price increased 0.25 closing at $1.4550 with 4 loads traded. Barrel price increased 0.50 cent at $1.41 with 11 loads traded. There was an unfilled bid and an uncovered offer remaining at the close of trading. There were 9 unfilled bids for barrels.

Dry whey price decreased 0.50 closing at 39 cents. Class III futures are mixed from 7 cents lower to 6 cents higher. Butter gained 5.75 cents closing at $2.6050 with 5 loads traded. Grade A nonfat dry milk declined a penny to $1.16 with 7 loads traded. Class IV futures are 2 to 12 cents higher. Butter futures are 1.00-2.27 higher. Dry whey futures are 0.30 cent lower 0.20 cent higher.




Tuesday Midday Dairy Market Summary - Butter Finds More Aggressive Buyer Interest

OUTSIDE MARKETS SUMMARY: CORN: 1 Higher SOYBEANS: 5 Higher SOYBEAN MEAL: ...