OUTSIDE MARKETS SUMMARY:
| CORN: | 9 Lower |
| SOYBEANS: | 4 Lower |
| SOYBEAN MEAL: | $4.70 Lower |
| LIVE CATTLE: | $0.07 Higher |
| DOW JONES: | 238 Points Lower |
| NASDAQ: | 109 Points Higher |
| CRUDE OIL: | $0.14 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 5.75 cents, closing at $1.8775 with no loads traded. The barrel cheese price declined 5.50 cents, closing at $1.81 with no loads traded. No buyers showed up in either category. The dry whey price declined by 2 cents, closing at 64 cents with no loads traded with no buyers showing up during spot trading. Class III futures are 75 cents lower to 2 cents higher. The limit down movement is in the March contract. The butter price declined 1.75 cents, closing at $2.4325 with one load traded and three uncovered offers remaining at the close. Grade A nonfat dry milk remained unchanged at $1.3450 with no loads traded. Class IV futures are 10 cents lower to 25 cents higher. The higher prices were in the February and March 2026 contracts. Butter futures are 0.90 to 2.52 cents lower. Dry whey futures are 2.70 cents lower to 0.55 cent higher. The Agricultural Prices and Cattle Inventory reports will be released this afternoon.
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