OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 20 Lower |
| SOYBEAN MEAL: | $3.10 Lower |
| LIVE CATTLE: | $0.42 Higher |
| DOW JONES: | 112 Points Higher |
| NASDAQ: | 232 Points Lower |
| CRUDE OIL: | $0.32 Lower |
MIDDAY MARKET UPDATE:
The block cheese price remained unchanged at $1.95 with no loads traded. The barrel cheese price increased 1.25 cents, closing at $1.9875 with one load traded. There were no unfilled bids or uncovered offers remaining at the close. The big mover was the dry whey price posting a gain of 5 cents, closing at 62 cents with three loads traded. This provided much of the support seen in the Class III futures contracts. Class III futures are 2 to 23 cents higher with the June 2025 contract showing the greatest gain. The butter price increased by 1.50 cents, closing at $3.1025 with nine loads traded. Nonfat dry milk increased by 0.75 cent, closing at $1.2475 with five loads traded. Class IV futures are mixed from 7 cents lower to 7 cents higher. Butter futures are steady to 1.50 cents higher. Dry whey futures are steady to 2 cents higher. Tuesday is the last day to trade July futures and options with the Federal Order prices announced on Wednesday.
