OUTSIDE MARKETS SUMMARY:
| CORN: | 7 Lower |
| SOYBEANS: | 7 Lower |
| SOYBEAN MEAL: | $0.30 Lower |
| LIVE CATTLE: | $1.40 Higher |
| DOW JONES: | 189 Points Lower |
| NASDAQ: | 25 Points Lower |
| CRUDE OIL: | $0.64 Higher |
MIDDAY MARKET UPDATE:
The block cheese price fell 4.00 cents, closing at $1.3950 with five loads traded. The barrel cheese price fell 5.50 cents, closing at $1.4450 with no loads traded. They're both new lows for the year. Blocks fell to the lowest level since March 22, 2024, and barrels to the lowest level since April 1, 2024. The dry whey price held steady at 73.00 cents with no loads traded. Class III futures are 14 cents lower to 2 cents higher. The butter price gained 0.50 cent with five loads traded. Grade A nonfat dry milk gained 1.25 cents to close at $1.1575 with no loads traded. Class IV futures have only traded in the April contract at 15 cents higher. Butter futures are 1.50 cents lower to 0.50 cent higher. Dry whey futures are steady to 0.97 cent higher. Cheese futures are 1.50 cents lower to 0.20 cent higher. The November Federal Order class prices will be announced this afternoon.
