OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 19 Lower |
| SOYBEAN MEAL: | $4.00 Lower |
| LIVE CATTLE: | $1.12 Lower |
| DOW JONES: | 178 Points Lower |
| NASDAQ: | 55 Points Lower |
| CRUDE OIL: | $0.16 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 3.25 cents closing at $1.6575 with one load traded. The barrel cheese price declined 0.75 cent closing at $1.6725 with no loads traded. Only an uncovered offer for a load of barrels remained at the close. Blocks have declined 11 of the past 13 days, moving the price to the lowest level since April 18. The dry whey price jumped 3.25 cents, closing at 65.50 cents with four loads traded. This is a new high for the year and moved to the highest level since March 31, 2022. Class III futures are 2 to 16 cents lower. The butter price declined 3 cents, closing at $2.60 and nearly eliminating the gain of Wednesday. There were three loads traded with four unfilled bids and three uncovered offers remaining at the close. The Grade A nonfat dry milk price gained 1.50 cents closing at $1.4050 with 17 loads traded. The price is at a new high for the year. Class IV futures are unchanged to 14 cents lower. Butter futures are 0.05 -- 2.00 cents lower. Dry whey futures are 0.27 -- 1.50 cents higher.
