OUTSIDE MARKETS SUMMARY:
| CORN: | 3 Higher |
| SOYBEANS: | 12 Higher |
| SOYBEAN MEAL: | $7.00 Higher |
| LIVE CATTLE: | $2.00 Lower |
| DOW JONES: | 288 Points Lower |
| NASDAQ: | 117 Points Higher |
| CRUDE OIL: | $1.11 Lower |
MIDDAY MARKET UPDATE:
The block cheese price increased 1.50 cents to close at $1.3650 with 15 loads traded. The barrel cheese price remained unchanged at $1.40 with no loads traded. The dry whey price decreased 1.50 cents to close at 70.00 cents with one load traded. Traders focused on the increase in blocks rather than the weakness of barrels. Class III futures are 2 cents lower to 21 cents higher. The butter price decreased 3.25 cents, closing at $1.3225 with 18 loads traded. This is the lowest price since Feb. 10, 2021. Grade A nonfat dry milk increased 2.00 cents to close at $1.2175 with four loads traded. Class IV futures have not yet been traded. Butter futures are 1.72 cents lower to 1.00 cents higher. Dry whey futures are 1.00 cents lower to 0.62 cent higher. Cheese futures are 0.10-2.40 cents higher.
