Tuesday, October 22, 2024

Tuesday Midday Dairy Market Summary - Cheese Weakens Further

OUTSIDE MARKETS SUMMARY:

CORN: 6 Higher
SOYBEANS: 8 Higher
SOYBEAN MEAL: $2.00 Lower
LIVE CATTLE: $1.07 Higher
DOW JONES: 22 Points Lower
NASDAQ: 10 Points Higher
CRUDE OIL: $1.74 Higher

MIDDAY MARKET UPDATE:

The block cheese price declined by 3 cents closing at $1.89 with one load traded. The barrel cheese price declined by 7 cents closing at $1.91 with four loads traded. The dry whey price remained steady at 60.25 cents with seven loads traded. Class III contracts are 1 to 58 cents lower. The butter price decreased 5.25 cents closing at $2.6775 with three loads traded. Nonfat dry milk lost 2.75 cents closing at $1.36 with 16 loads traded. Class IV futures are 10 to 30 cents lower. Butter futures are 0.20 to 6 cents lower. Dry whey futures are 0.35 to 1 cent lower.




Tuesday Morning Dairy Market Update - Limited Trade Activity Expected

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