Wednesday, September 18, 2024

Wednesday Midday Dairy Market Summary - Dairy Barrels Set Another Record

OUTSIDE MARKETS SUMMARY:
CORN: 1 Lower
SOYBEANS: 4 Higher
SOYBEAN MEAL: $1.80 Lower
LIVE CATTLE: $0.30 Lower
DOW JONES: 17 Points Higher
NASDAQ: 22 Points Higher
CRUDE OIL: $0.48 Lower

MIDDAY MARKET UPDATE:

The block cheese price declined 3.25 cents closing at $2.2450 with three loads traded. The barrel cheese price gained 5.75 cents closing at $2.6225 with three loads traded. An unfilled bid for a load of barrels and an uncovered offer for a load of blocks remained at the close. This again suggests a further divergence of prices. The dry whey price remained unchanged at 59.50 cents with no loads traded. Class III futures are 20 cents lower to 12 cents higher. The butter price dropped 8 cents closing at $3.0050 with no loads traded and seven uncovered offers remaining at the close. This is the lowest price since May 28. No buyers showed up to do any business. Nonfat dry milk declined by a penny closing at $1.3825 with five loads traded. Class IV futures are 5 to 42 cents lower. Butter futures are 2.50 to 6.62 cents lower. Dry whey futures are 0.50 cents lower to 0.55 cents higher.





Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

OPENING CALLS: Class III Milk Futures: 2 to 5 Lower Class IV Milk Futures: Mixed ...