OUTSIDE MARKETS SUMMARY:
| CORN: | 5 Higher |
| SOYBEANS: | 1 Higher |
| SOYBEAN MEAL: | $8.00 Higher |
| LIVE CATTLE: | $0.82 Higher |
| DOW JONES: | 636 Points Lower |
| NASDAQ: | 393 Points Lower |
| CRUDE OIL: | $1.18 Lower |
MIDDAY MARKET UPDATE:
The block cheese price gained 3 cents, closing at $1.7550 with seven loads traded. The barrel cheese price gained 6 cents, closing at $1.73 with four loads traded. The dry whey price declined 2.25 cents, closing at 45.75 cents with three loads traded. This is the lowest price since June 6, 2024. The weakness of dry whey is limiting the gains in Class III futures. Class III contracts are steady to 24 cents higher. The butter price remained unchanged at $2.34 with no loads traded. Grade A nonfat dry milk was unchanged with no load traded. Class IV futures have not yet traded. Butter futures are 1.00 cent lower to 1.05 cents higher. Dry whey futures are 0.40 to 1.55 cents lower.
