Monday, October 28, 2024

Monday Midday Dairy Market Summary - Cash Prices Provide No Direction

OUTSIDE MARKETS SUMMARY:

CORN: 4 Lower
SOYBEANS: 10 Lower
SOYBEAN MEAL: $1.90 Lower
LIVE CATTLE: $0.25 Higher
DOW JONES: 305 Points Higher
NASDAQ: 101 Points Higher
CRUDE OIL: $4.14 Lower

MIDDAY MARKET UPDATE:

Both block and barrel cheese prices were unchanged with no loads traded. An offer was posted for a load of blocks with no buyers showing up to do business. Prices remained at $1.90 and $1.87 respectively. The dry whey price remained steady at 60.50 cents with no loads traded. Class III futures are mixed from 17 cents lower to 12 cents higher. The butter price declined 2 cents closing at $2.6750 with three loads traded. Grade A nonfat milk remained unchanged at $1.3750 with 10 loads traded. Class IV futures remain unchanged. Butter futures are unchanged to 3.25 cents lower. Dry whey futures have not yet traded. Tuesday will be the last day to trade October futures and options with the Federal Order prices release on Wednesday.




Thursday Closing Dairy Market Update - The July Class I Price is $21.33

GENERAL OVERVIEW: Class III ended the short trading week mixed. Class IV futures closed with double-digit gains. The July advanced Cl...