OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 30 Lower |
| SOYBEAN MEAL: | $0.20 Higher |
| LIVE CATTLE: | $0.10 Higher |
| DOW JONES: | 817 Points Higher |
| NASDAQ: | 265 Points Higher |
| CRUDE OIL: | $0.82 Lower |
MIDDAY MARKET UPDATE:
The block and barrel cheese prices remained steady Friday at $1.93 and $1.97, respectively. There was one load traded of barrels with an uncovered offer remaining. The dry whey price jumped 3 cents, closing at 57 cents with one load traded. This moves the price back to the highest since May 10, 2022. This provides support to the Class III contracts with futures 1 cent lower to 30 cents higher. The butter pricer slipped by 0.25 cent, closing at $3.09 with no loads traded. There was an offer posted during spot trading pushing the price lower. Grade A nonfat dry milk price increased 0.25 cent, closing at $1.2325 with five loads traded. Class IV futures have not yet been traded. Butter futures are unchanged to 0.95 cent lower. Dry whey futures are 0.15 to 0.85 cent higher.
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