OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 3 Lower |
| SOYBEAN MEAL: | $4.30 Lower |
| LIVE CATTLE: | $5.12 Lower |
| DOW JONES: | 1657 Points Lower |
| NASDAQ: | 805 Points Lower |
| CRUDE OIL: | $5.11 Lower |
MIDDAY MARKET UPDATE:
The block cheese price declined 2.50 cents, closing at $1.5250 with six loads traded. This moves the price to the lowest level of the year. The barrel cheese price remained unchanged at $1.5825 with no loads traded. The dry whey price remained unchanged at 76.00 cents with one load traded. Class III futures are 5 cents lower to 11 cents higher, with only the May and August contracts lower. The butter price declined 1.75 cents, closing at $1.46 with six loads traded. This is a new low for the year and the lowest price since Feb. 16, 2021. Grade A nonfat dry milk declined 2.00 cents to close at $1.1625 with 10 loads traded. Class IV futures are 67-45 cents lower. Butter futures are 0.75 to 4.25 cents lower. Dry whey futures are 2.55 cents to 0.25 cent higher. Cheese futures are 0.10 cent lower to 1.10 cents higher.
