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.