OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 19 Higher |
| SOYBEAN MEAL: | $6.50 Higher |
| LIVE CATTLE: | $0.27 Lower |
| DOW JONES: | 15 Points Lower |
| NASDAQ: | 20 Points Lower |
| CRUDE OIL: | $1.76 Lower |
MIDDAY MARKET UPDATE:
Blocks remained unchanged at $1.45 with one load traded. The barrel price slipped 0.50 cent, closing at $1.4950 with no loads traded. Dry whey price declined by 2.50 cents, closing at 40.50 cents with three loads traded. Class III futures turned from mostly higher to lower with prices 3 to 22 cents lower in contracts through September. Fourth-quarter prices are 3 to 7 cents higher. Butter price increased 1.75 cents, closing at $2.8375 with no loads traded. Grade A nonfat dry milk price declined 0.75 cent, closing at $1.1175. This moves the price down to the lowest level it has been since Sept. 18, 2023. Class IV futures are steady to 4 cents higher. Butter futures are 0.97 cent lower to 3.00 cents higher. Dry whey futures are 0.30 to 1.25 cents lower. USDA will release the February Milk Production report Wednesday afternoon.
