OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Higher |
| SOYBEANS: | 6 Lower |
| SOYBEAN MEAL: | $8.10 Lower |
| LIVE CATTLE: | $0.92 Lower |
| DOW JONES: | 203 Points Lower |
| NASDAQ: | 31 Points Higher |
| CRUDE OIL: | $2.74 Higher |
MIDDAY MARKET UPDATE:
The block cheese price gained 4.25 cents, closing at $2.00 with two loads traded. The price broke out of the trading range, moving to the highest level since Aug. 21, 2023. The barrel cheese price jumped 8.50 cents, closing at $2.09 with no loads traded. Price reached the highest level since June 14. There were two unfilled bids remaining for barrels. The dry whey price remained unchanged at 56.25 with no loads traded. Class III futures are 7 cents lower to 46 cents higher. The March 2025 contract shows the only loss. New contract highs are seen in the October through January contracts. The butter price gained 4.25 cents, closing at $3.14 with 17 loads traded. This is the highest price since July 8. Nonfat dry milk gained 1.50 cents, closing at $1.2150 with no loads traded. Class IV futures are 1 cent lower to 5 cents higher. Butter futures are 0.42 cent lower to 2.22 cents higher. Dry whey futures are 0.22 cent lower to 0.55 cent higher.
