OUTSIDE MARKETS SUMMARY:
| CORN: | $0.07 Higher |
| SOYBEANS: | $0.23 Lower |
| SOYBEAN MEAL: | $8.20 Higher |
| LIVE CATTLE: | $0.52 Higher |
| DOW JONES: | 80 Points Higher |
| NASDAQ: | 135 Points Lower |
| CRUDE OIL: | $1.06 Higher |
MIDDAY MARKET UPDATE:
Block cheese price increased 3.75 cents closing at $1.6475 with five loads traded. This is the highest price it has been since Nov. 14, 2023. The barrel cheese price decreased by 2 cents, closing at $1.53 with seven loads traded. The strength of blocks more than offset the weakness of barrels but nearby Class III futures are under pressure with contracts posting double-digit losses. Dry whey increased 0.25 , closing at 45.25 cents with no loads traded. Class III futures are mixed, ranging from 25 cents lower to 15 cents higher. Butter price remained unchanged at $2.8025 with no loads traded. Grade A nonfat dry milk price increased 0.50 cent, closing at $1.23 with one load traded. Class IV futures are 8 cents lower to 2 cents higher. Butter futures are 3.87 cents lower to 0.30 cents higher. Dry whey futures are 0.25 to 1 cent higher. Today is the last day to trade January futures and options.
