OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Lower |
| SOYBEANS: | 10 Higher |
| SOYBEAN MEAL: | $0.50 Lower |
| LIVE CATTLE: | $0.02 Higher |
| DOW JONES: | 296 Points Higher |
| NASDAQ: | 175 Points Higher |
| CRUDE OIL: | $1.97 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 4 cents closing at $2.0375 with two loads traded. No bids or offers were remaining at the close. The barrel cheese price fell by 12.25 cents closing at $2.10 with no loads traded. There were two uncovered offers and one unfilled bid remaining at the close. The unfilled bid was posted a penny lower than the closing price. The dry whey price remained unchanged at 56.50 cents with no loads traded. Class III futures rejected the lower prices that unfolded during and after spot trading. Futures are 15 cents lower to 12 cents higher. The butter price declined 2 cents closing at $3.13 with 22 loads traded. Nonfat dry milk increased by 0.25 cent closing at $1.2825. Class IV futures are 14 cents lower to 54 cents higher. Contracts in 2025 are showing unusual strength. Butter futures are 1.100 cents lower to 1.65 cents higher. Dry whey futures are 015 cent lower to 0.25 cent higher. USDA will release the July Cold Storage report this afternoon.
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