Tuesday Midday Dairy Market Summary - Butter Price Shows Further Weakness

OUTSIDE MARKETS SUMMARY:

CORN:	7 Higher
SOYBEANS:	4 Higher
SOYBEAN MEAL:	$2.00 Higher
LIVE CATTLE:	$2.87 Higher
DOW JONES:	168 Points Higher
NASDAQ:	354 Points Higher
CRUDE OIL:	$0.02 Higher

MIDDAY MARKET UPDATE:

The block cheese price increased 2 cents closing at $1.89 with no loads traded. The barrel cheese price increased 2.50 cents closing at $1.8650 with no loads traded. There was an unfilled bid in each with no sellers showing up during spot trading. This leads to the idea that further strength may be possible. The dry whey price remained unchanged at 69.75 with no loads traded. Class III futures are steady to 39 cents higher. The butter price decreased 3 cents closing at $2.50 with eight loads traded. This is the lowest price since Dec. 16, 2024. Grade A nonfat dry milk remained unchanged at $1.3475 with no loads traded. Class IV futures are 5 to 22 cents lower. Butter futures are 0.52 to 3.15 cents lower. Dry whey futures are 0.50 cent lower to 0.65 cent higher.