OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 5 Lower |
| SOYBEAN MEAL: | $1.10 Lower |
| LIVE CATTLE: | $0.45 Lower |
| DOW JONES: | 339 Points Higher |
| NASDAQ: | 139 Points Higher |
| CRUDE OIL: | $0.38 Lower |
MIDDAY MARKET UPDATE:
The block cheese price slipped by 0.50 cents closing at $2.2750 with three loads traded. The barrel cheese price jumped 5 cents closing at $2.4850 with no loads traded. Barrels moved back to the highest price since November 5, 2020. There were two unfilled bids for loads of barrels with one uncovered offer at the close of spot trading. No bids or offers were remaining for blocks. The dry whey price increased 1.50 cents closing at 60.50 cents with three loads traded. Class III futures are 6 cents lower to 19 cents higher. The butter price increased 4.50 cents closing at $3.13 with no loads traded. This would suggest further upside is possible. Grade A nonfat dry milk slipped 0.25 cents closing at $1.3925 with one load traded. Class IV futures are steady to 17 cents higher. Butter futures are 1.10 to 5.12 cents higher. Dry whey futures are 0.22 to 0.72 cents higher.
