Monday, January 29, 2024

Monday Midday Dairy Market Summary - Higher Prices Across the Board

OUTSIDE MARKETS SUMMARY:

CORN: $0.07 Lower
SOYBEANS: $0.16 Lower
SOYBEAN MEAL: $4 Higher
LIVE CATTLE: $0.200 Higher
DOW JONES: 36 Points Lower
NASDAQ: 58 Points Higher
CRUDE OIL: $1.15 Lower

MIDDAY MARKET UPDATE:

Block cheese gained 0.0725 cents, closing at $1.6100 with five loads traded. Barrel cheese up 0.0800 cents, closing at $1.5500 with six loads traded. Dry whey 0.0075 closed higher at $0.4500 with one load traded. Butter price gained 0.0425 cents at $2.8025 with two loads traded. Grade A nonfat dry milk price 0.0050 higher at $1.2250 with five loads traded. Class III futures are higher, ranging from 29 to 42 cents higher. Class IV futures are 10 cents higher. Cheese is 0.0280 to 0.0500 higher. Butter futures are mixed 1.25 lower to 1.50 higher. Dry whey futures are 0.7750 higher. 




Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

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