OUTSIDE MARKETS SUMMARY:
| CORN: | 13 Lower |
| SOYBEANS: | 13 Lower |
| SOYBEAN MEAL: | $4.10 Higher |
| LIVE CATTLE: | $0.32 Higher |
| DOW JONES: | 238 Points Higher |
| NASDAQ: | 24 Points Higher |
| CRUDE OIL: | $1.53 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 2 cents, closing at $1.72 with 12 loads traded. This was quite a contrast to Monday, when no buyers or sellers showed up during spot trading. There were no unfilled bids or uncovered offers remaining at the close. The barrel cheese price slipped 0.25 cent, closing at $1.7025 with one load traded and one uncovered offer remaining at the close. The dry whey price remained unchanged at 50.50 cents with no loads traded. Class III futures are 5 cents lower to 7 cents higher. The butter price decreased by 3.50 cents, closing at $2.24 with one load traded. The price moved to the lowest level it has been since Dec. 22, 2021. Grade A nonfat dry milk remained unchanged at $1.1875 with no loads traded. Class IV futures have not yet been traded. Butter futures are 0.12 to 2.50 cents lower. Dry whey futures are 1.12 cents lower to 1.02 cents higher. Tuesday is the last trading day for April futures and options, with the Federal Order class prices announced on Wednesday.
