OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 13 Lower |
| SOYBEAN MEAL: | $3.50 Lower |
| LIVE CATTLE: | $5.75 Higher |
| DOW JONES: | 163 Points Higher |
| NASDAQ: | 55 Points Higher |
| CRUDE OIL: | $0.36 Higher |
MIDDAY MARKET UPDATE:
The block cheese price declined 1.50 cents, closing at $1.38 with 10 loads traded. The barrel cheese price declined 3.25 cents, closing at $1.4125 with one load traded. This is the first load traded over the course of four weeks. The dry whey price held steady at 74.50 cents with one load traded. Class III futures reversed course with most contracts showing losses. Futures are 23 cents lower to 15 cents higher with double-digit gains showing in the fourth quarter 2026 contracts. The butter price increased 0.75 cent to close at $1.4750 with 10 loads traded. Grade A nonfat dry milk increased 0.50 cent to close at $1.17 with no loads traded. Class IV has only traded in the August contract at an unchanged price. Butter futures are 0.22 to 1.50 cents lower. Dry whey futures are 0.75 to 1.22 cents lower. Cheese futures are 0.50 to 1.90 cents lower.
