Monday, January 22, 2024

Monday Midday Dairy Market Summary - Low Volume

OUTSIDE MARKETS SUMMARY:

CORN: unchanged
SOYBEANS: $0.08 Higher
SOYBEAN MEAL: $1.60 Lower
LIVE CATTLE: $0.550 Lower
DOW JONES: 130 Points Higher
NASDAQ: 36 Points Higher
CRUDE OIL: $2.13 Higher

MIDDAY MARKET UPDATE:

Block cheese gained 0.0550 cents, closing at $1.5000 with two loads traded. Barrel cheese price unchanged, closing at $1.4675 with one load traded. Dry whey price unchanged at 42.75 with no loads traded. Butter price unchanged at $2.5450 with no loads traded. Grade A nonfat dry milk price unchanged at $1.1750 with no loads traded. Class III futures are mixed, ranging from 7 cents higher to 3 cents lower. Class IV futures are 3 cents lower with only five contracts trading so far Monday. Butter futures are 0.50 cent lower to 0.90 cent lower. Dry whey futures have not traded yet Monday. 




Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

OPENING CALLS: Class III Milk Futures: 2 to 5 Lower Class IV Milk Futures: Mixed ...