OUTSIDE MARKETS SUMMARY:
| CORN: | 1 Lower |
| SOYBEANS: | 6 Higher |
| SOYBEAN MEAL: | $1.00 Higher |
| LIVE CATTLE: | $0.82 Higher |
| DOW JONES: | 436 Points Lower |
| NASDAQ: | 142 Points Lower |
| CRUDE OIL: | $1.22 Higher |
MIDDAY MARKET UPDATE:
The block cheese price increased a penny, closing at $1.51 with one load traded. The barrel cheese price remained unchanged at $1.47 with no loads traded. There were nine unfilled bids remaining at the close of spot trading. The dry whey price remained unchanged at 74.00 cents with no loads traded. Class III futures are 3 cents lower to 35 cents higher. Only the November and December contracts posted losses. The butter price jumped 7.50 cents, closing at $1.70 with 17 loads traded. There were 10 unfilled bids remaining at the close of spot trading. This is the highest price since Sept. 18, 2025. Grade A nonfat dry milk increased 2.50 cents to close at $1.6225 with one load traded. Class IV futures are 19-63 cents higher with the nearby March contract reaching $19.00. Butter futures are 3.10-6.07 cents higher. Dry whey futures are 0.25-0.80 cent higher. Cheese futures are steady to 2.20 cents higher.
