OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 4 Higher |
| SOYBEAN MEAL: | $5.30 Lower |
| LIVE CATTLE: | $0.22 Higher |
| DOW JONES: | 20 Points Lower |
| NASDAQ: | 89 Points Higher |
| CRUDE OIL: | $0.40 Lower |
MIDDAY MARKET UPDATE:
Both block and barrel cheese prices remain unchanged with blocks at $1.6950 and barrels at $1.64. The steady prices have not had a detrimental impact on Class III futures and might support higher futures prices. Further support stems from the increase in the dry whey price. Dry whey gained 3 cents closing at 69 cents with one load traded. This price sets a new high for the year and is the highest since March 29, 2022. Class III futures are steady to 36 cents higher. The butter price declined 2.75 cents closing at $2.4850 with three loads traded. Grade A nonfat dry milk gained 1.50 cents closing at $1.39 with two loads traded. Class IV futures have not yet been traded today. Butter futures are 0.35 -- 1.75 cents lower. Dry whey futures are 1.75 -- 2.20 cents higher
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