OUTSIDE MARKETS SUMMARY:
| CORN: | 10 Lower |
| SOYBEANS: | 8 Lower |
| SOYBEAN MEAL: | $0.20 Higher |
| LIVE CATTLE: | $1.67 Lower |
| DOW JONES: | 49 Points Lower |
| NASDAQ: | 54 Points Lower |
| CRUDE OIL: | $0.26 Lower |
MIDDAY MARKET UPDATE:
The block cheese price fell 9.50 cents, closing at $1.7750 with four loads traded and three uncovered offers remaining at the close. This is the lowest price since Jan. 22. The barrel cheese price declined 2.50 cents, closing at $1.78 with two loads traded and one uncovered offer remaining. The dry whey price declined 1.50 cents, closing at 51.00 cents with no loads traded. The price is down to the lowest level since July 18, 2024. Buyers are not interested in aggressively purchasing despite the low prices. Class III futures are 30 cents lower to 2 cents higher. The only gain is the nearby February contract, which will go off the board on Tuesday. The butter price held steady at $2.3450 with no loads traded. Grade A nonfat dry milk remained unchanged at $1.20 with no loads traded. Class IV are unchanged. Butter futures are 0.77 cent lower to 3.02 cents higher. Dry whey futures are 1.05 cents lower to 0.25 cent higher. USDA will release the January Agricultural Prices report Friday afternoon.
