OUTSIDE MARKETS SUMMARY:
| CORN: | Unchanged |
| SOYBEANS: | 5 Higher |
| SOYBEAN MEAL: | $0.70 Lower |
| LIVE CATTLE: | $1.32 Higher |
| DOW JONES: | 923 Points Higher |
| NASDAQ: | 426 Points Higher |
| CRUDE OIL: | $0.20 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 3.00 cents, closing at $1.75 with six loads traded. The barrel cheese price declined 5.00 cents, closing at $1.76 with no loads traded. Only uncovered offers remained for blocks and barrels at the close. The dry whey price declined 1.50 cents, closing at 55.50 cents with three loads traded. Class III futures are one cent higher to 22 cents lower. The only gain is seen in the August contract. The butter price slipped 0.50 cent, closing at $3.2350 with no loads traded. This moves the price to the lowest level since Dec. 22, 2021. Grade A nonfat dry milk remained unchanged at $1.26 with six loads traded. Class IV futures have not yet been traded. Butter futures are 1.75 to 5.50 cents lower. Dry whey futures are 0.15 to 1.40 cents lower. Cheese futures are steady to 1.50 cents lower. USDA will release the July Cold Storage report this afternoon.
