Thursday, February 27, 2025

Thursday Midday Dairy Market Summary - Spot Prices Were Mixed

OUTSIDE MARKETS SUMMARY:

CORN: 13 Lower
SOYBEANS: Steady
SOYBEAN MEAL: $1.00 Lower
LIVE CATTLE: $0.85 Higher
DOW JONES: 285 Points Higher
NASDAQ: 102 Points Lower
CRUDE OIL: $1.81 Higher

MIDDAY MARKET UPDATE:

The block cheese price remained unchanged at $1.87 with five loads traded. The price decreased 0.25 cent during trading but recovered the loss. The barrel cheese price increased a penny, closing at $1.8050 with one load traded. The dry whey price decreased a penny, closing at 52.50 with two loads traded. The gain in barrel cheese was offset by the decline in dry whey. However, Class III futures are 1 to 25 cents higher as traders feel the market has been overdone to the downside. The butter price increased a penny, closing at $2.3450 with five loads traded. The price declined 0.25 cents before buying interest moved it off the low. Nonfat dry milk declined 0.75 cent, closing at $1.20 with one load traded. Class IV futures are 12 to 19 cents lower. Butter futures are 0.50 cent lower to 0.47 cent higher. Dry whey futures are 0.25 to 1.47 cents higher.






Thursday Midday Dairy Market Summary - Spot Prices Were Mixed

OUTSIDE MARKETS SUMMARY: CORN: 13 Lower SOYBEANS: Steady SOYBEAN MEAL: ...