OUTSIDE MARKETS SUMMARY:
CORN: | 3 Higher |
SOYBEANS: | 5 Higher |
SOYBEAN MEAL: | $0.80 Lower |
LIVE CATTLE: | $4.30 Higher |
DOW JONES: | Closed |
NASDAQ: | Closed |
CRUDE OIL: | $0.79 Higher |
MIDDAY MARKET UPDATE:
The block cheese declined 1.75 cents closing at $1.8975 with three loads traded. The barrel cheese price remained unchanged at $1.87 with no loads traded. The dry whey price remained unchanged at 74 cents with no loads traded. Class III futures are steady to 8 cents higher. Traders believe the weakness will be short-lived. The butter price remained unchanged at $2.60 with no loads traded. Grade A nonfat dry milk slipped 0.50 cents closing at $1.3650 with five loads traded. Class IV futures are 1 to 12 cents higher Butter futures are 0.05 to 2.80 cents higher. Dry whey futures are steady to 2.85 cents higher. The markets will close at 12:15 p.m. CST in observance of the National Day of Mourning for former President Jimmy Carter.