Tuesday, September 10, 2024

Tuesday Midday Dairy Market Summary - Cheese Prices Move Higher

OUTSIDE MARKETS SUMMARY:

CORN: 3 Lower
SOYBEANS: 18 Lower
SOYBEAN MEAL: $5.80 Lower
LIVE CATTLE: $0.75 Lower
DOW JONES: 158 Points Lower
NASDAQ: 107 Points Higher
CRUDE OIL: $2.91 Lower

MIDDAY MARKET UPDATE:

The block cheese price gained 3.50 cents closing at $2.3050 with one load traded. The barrel cheese price gained 5.50 cents with $2.34 with no loads traded. The dry whey price remained unchanged at 59 cents with two loads traded. Class III futures are 3 cents lower to 36 cents higher. The butter price declined 1.50 cents closing at $3.1750 with no loads traded. Grade A nonfat dry milk increased 1.50 cents closing at $1.3950 with one load traded. Class IV futures are 9 to 15 cents higher with activity confined to 2024 contracts. Milk futures continue to push to new contract highs. Butter futures are 0.40 to 1.02 cents lower. Dry whey futures are 0.25 cents lower to 1.05 cents higher




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