OUTSIDE MARKETS SUMMARY:
| CORN: | 2 Higher |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $4.40 Higher |
| LIVE CATTLE: | $1.45 Higher |
| DOW JONES: | 147 Points Higher |
| NASDAQ: | 136 Points Higher |
| CRUDE OIL: | $0.53 Lower |
MIDDAY MARKET UPDATE:
Buyers were aggressive in the spot market Thursday. The block cheese price increased 1.25 cents, closing at $1.9475 with five loads traded. This is the highest price since Oct. 7, 2024. The barrel cheese price increased 0.75 cent, closing at $1.87 with five loads traded. There were two unfilled bids each for blocks and barrels, and one uncovered offer for a load of blocks remaining at the close. The dry whey price increased 0.75 cent, closing at 54.25 cents with no loads traded. Class III futures were lower before spot trading but turned higher with contracts posting gains of 3 to 31 cents. The butter price increased 2.00 cents, closing at $2.3625 with 24 loads traded. After a slow first half of the week with no trading activity, the buyers and sellers came out of the woodwork to take care of business. Grade A nonfat dry milk increased 0.50 cent, closing at $1.23 with seven loads traded. Class IV futures are steady to 21 cents higher. Butter futures are 2.00 to 4.75 cents higher. Dry whey futures are 0.75 to 1.27 cents higher.
