OUTSIDE MARKETS SUMMARY:
| CORN: | 6 Lower |
| SOYBEANS: | 2 Higher |
| SOYBEAN MEAL: | $0.10 Lower |
| LIVE CATTLE: | $3.00 Higher |
| DOW JONES: | 1057 Points Higher |
| NASDAQ: | 427 Points Higher |
| CRUDE OIL: | $0.86 Higher |
MIDDAY MARKET UPDATE:
It is another one of those head-scratching days as futures move in the opposite direction of what the cash market would suggest. The strength of block cheese and nonfat dry milk should provide support. The block cheese price increased 0.50 cent to close at $1.4725 with three loads traded. The barrel cheese price remained unchanged at $1.44 with no loads traded. The large number of unfilled bids that remained on Thursday were nowhere to be found today. The dry whey price remained unchanged at 73.00 cents with no loads traded. Class III futures are 1 to 37 cents lower. The butter price remained unchanged at $1.17 with no loads traded. Grade A nonfat dry milk jumped 4.00 cents to close at $1.64 with one load traded. This is the highest price since July 29, 2022. Class IV futures are 25-65 cents lower. Butter futures are 4.77 cents lower to 0.02 cent higher. Dry whey futures are 0.55 cent lower to 0.30 cent higher. Cheese futures are 1.10 to 4.00 cents lower.
