OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Higher |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $7.90 Higher |
| LIVE CATTLE: | $1.32 Lower |
| DOW JONES: | 72 Points Lower |
| NASDAQ: | 185 Points Lower |
| CRUDE OIL: | $1.21 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased by 4 cents, closing at $1.93 with three loads traded. The barrel cheese price remained steady at $1.8650 with five loads traded. There was an unfilled bid for a load of barrels remaining at the close of spot trading. The dry whey price decreased 0.75 cent closing at 69 cents with one load traded. This is the lowest dry whey price since Nov. 26, 2024. Class III futures are mixed, ranging from 5 cents higher to 10 cents lower. The butter price decreased by 4 cents, closing at $2.46 with four loads traded. This is the lowest price since Dec. 14, 2023. If the price declines further, it will be back to the lowest level since June 2023. Grade A nonfat dry milk slipped 0.25 cents closing at $1.3450 with two loads traded. Class IV futures are 13 cents lower in the contracts traded. Butter futures are 1.00 to 4.47 cents lower. Dry whey futures are 0.22 to 1.02 cents lower.
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