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.




Friday Closing Dairy Market Update - Milk Futures Post a Minor Bounce

MILK The bounce of Class III milk futures did not change the weakness and direction of the market. The strength of futures was not f...